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I0 32 Rue Blanche Paris FR 75009 33 75 85 09 39 American Depositary Shares, each representing one ordinary share, nominal value €0.025 per share CRTO NASDAQ Ordinary shares, nominal value €0.025 per share NASDAQ Yes No Yes Yes Large Accelerated Filer false false true false false 1254000000 49859086 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:463.83pt">Part III incorporates certain information by reference from the registrant’s proxy statement for the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:35.82pt"> Annual</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.88pt">Meeting of Shareholders. Such proxy statement will be filed no later than 120 days after the close of the registrant’s fiscal</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:52.79pt">year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:88.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span>. <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">Criteo recognizes the critical importance of maintaining the safety and security of our systems and data and has a holistic</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:307.78pt">process for overseeing and managing cybersecurity and related risks.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.78pt;position:var(--position);text-decoration:none;white-space:pre;width:156.06pt"> Our security program is led by our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.84pt;position:var(--position);text-decoration:none;white-space:pre;width:76.09pt">Chief Information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:538.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:110.32pt">Security Officer (“CISO”)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.32pt;position:var(--position);text-decoration:none;white-space:pre;width:429.57pt">, who reports directly to our Chief Technology Officer (“CTO”), who is responsible for managing</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">cybersecurity risks as well as protecting our products, networks and systems. Our CISO has extensive information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">technology and program management experience and has served many years in our corporate information security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:571.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.98pt">organization. Our CISO manages our security organization, which is composed of dedicated teams of experts in security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:317.79pt">engineering, incident response, compliance, and software development.</span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Risk Management</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:353.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.94pt">Our security team has several touch points within the business in order to adequately address and mitigate risks. For</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.95pt">instance, the team provides mandatory cybersecurity awareness training for all employees and a recurring phishing</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">simulation campaign. Our technical security teams use a combination of threat intelligence tools, defensive tools and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:386.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">proactive testing to detect vulnerabilities and respond. Our technical security teams also invest in building new tools and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:323.87pt">integrating solutions to improve our security posture on an ongoing basis.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:308.18pt">Our security compliance teams perform third-party risk assessments</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.18pt;position:var(--position);text-decoration:none;white-space:pre;width:231.74pt">, respond to client inquiries about security, help the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:431.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.88pt">business to manage our security controls, and translate our external requirements into policies, standards, and actions for</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:106.64pt">the rest of our business.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.64pt;position:var(--position);text-decoration:none;white-space:pre;width:384.53pt"> Various parts of our team also participate in risks assessments during project kick-offs.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">With regards to third-party risk assessments, our process involves assessing how third parties interact and connect with</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:476.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">our information systems and our data, assessing the security of the third-party (including through questionnaires), and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">obtaining independent proofs of security (including via security certification and/or penetration tests) depending on the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:499.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">associated level of risk, as evaluated by our team. Our procurement teams also run checks to ensure vendors are not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:246.08pt">sanctioned or otherwise identified as potentially corrupt.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:533pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">The process of assessing, identifying and managing cybersecurity related risks is integrated into our overall ERM via a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.97pt">dedicated Information Security Risk Management program that is focused on cybersecurity risk and run by our security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:78.75pt">compliance team.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.75pt;position:var(--position);text-decoration:none;white-space:pre;width:461.22pt"> Risks that are identified through our security processes go through a process of analysis, prioritization,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">treatment and monitoring. During the lifecycle of cybersecurity specific risks, risk owners, working alongside the security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.83pt">compliance team, are assigned to develop risk mitigation plans, which are followed by the team until a risk is sufficiently</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:589pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.98pt">mitigated or resolved, at which point such risk reaches a monitoring state. Cybersecurity risks are aggregated into</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:284.4pt">strategic business risks and incorporated into the ERM program.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:113.28pt">Cybersecurity Incidents</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">While we have experienced cybersecurity incidents in the past, there have been none to date which have materially</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:656.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.97pt">affected, or are reasonably likely to materially affect, the Company, our financial position, results of operations and/or cash</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:667.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.82pt">flows. We continue to invest in the cybersecurity and resiliency of our networks and to enhance our internal controls and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:491.04pt">processes, which are designed to help protect our systems and infrastructure, and the information they contain.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:689.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">For more information regarding the risks we face from cybersecurity threats, please see “Item 1A. Risk Factors – Risks </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:701pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Related to Data Privacy, Intellectual Property and Cybersecurity.”</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:57.76pt">Governance</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:16.66pt">Our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.66pt;position:var(--position);text-decoration:none;white-space:pre;width:31.01pt"> Board</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.67pt;position:var(--position);text-decoration:none;white-space:pre;width:451.71pt"> is primarily responsible for the oversight of our risk management activities and has delegated to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.38pt;position:var(--position);text-decoration:none;white-space:pre;width:17.68pt">the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.06pt;position:var(--position);text-decoration:none;white-space:pre;width:22.77pt">Audit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:48.32pt">Committee</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.32pt;position:var(--position);text-decoration:none;white-space:pre;width:169.37pt"> the responsibility to assist in this task.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">The Audit Committee regularly reviews and discusses with management and, as appropriate, the Company’s auditors, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">Company’s guidelines and policies with respect to risk assessment and risk management, including the Company’s data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:454.43pt">privacy and cybersecurity risk exposures and the steps taken to monitor and manage those exposures.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">The CISO helps maintain a comprehensive security program that serves as a governance framework for information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">security at Criteo, supports the business goals of the company and details, across problem spaces and security core</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.37pt">functions, the various initiatives, their scope, the associated risks and weaknesses, the roadmap and the current progress.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:526.06pt">Criteo assesses and manages its cybersecurity risks in part through an executive committee referred to as </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:562.06pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">t</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.83pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">he</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:128.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Governance Risk and Compliance Committee (the “GRCC”). The GRCC is composed of the CISO and certain members</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">of our executive and leadership teams, and meets several times a year to discuss strategic information security matters</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.24pt">including the security program, major risks and incidents and significant key performance indicators (“KPIs”).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">As a member of the GRCC, the CISO briefs the Audit Committee on the information security program, major risks and any</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:184.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">cybersecurity incidents, typically at least annually. Additionally, cybersecurity risks are reported to the Board, at least</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div>annually, as part of Criteo’s enterprise risk mapping (“ERM”) program. <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:57.76pt">Governance</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:16.66pt">Our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.66pt;position:var(--position);text-decoration:none;white-space:pre;width:31.01pt"> Board</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.67pt;position:var(--position);text-decoration:none;white-space:pre;width:451.71pt"> is primarily responsible for the oversight of our risk management activities and has delegated to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.38pt;position:var(--position);text-decoration:none;white-space:pre;width:17.68pt">the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.06pt;position:var(--position);text-decoration:none;white-space:pre;width:22.77pt">Audit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:48.32pt">Committee</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.32pt;position:var(--position);text-decoration:none;white-space:pre;width:169.37pt"> the responsibility to assist in this task.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">The Audit Committee regularly reviews and discusses with management and, as appropriate, the Company’s auditors, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">Company’s guidelines and policies with respect to risk assessment and risk management, including the Company’s data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:454.43pt">privacy and cybersecurity risk exposures and the steps taken to monitor and manage those exposures.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">The CISO helps maintain a comprehensive security program that serves as a governance framework for information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">security at Criteo, supports the business goals of the company and details, across problem spaces and security core</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.37pt">functions, the various initiatives, their scope, the associated risks and weaknesses, the roadmap and the current progress.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:526.06pt">Criteo assesses and manages its cybersecurity risks in part through an executive committee referred to as </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:562.06pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">t</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.83pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">he</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:128.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Governance Risk and Compliance Committee (the “GRCC”). The GRCC is composed of the CISO and certain members</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">of our executive and leadership teams, and meets several times a year to discuss strategic information security matters</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.24pt">including the security program, major risks and incidents and significant key performance indicators (“KPIs”).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">As a member of the GRCC, the CISO briefs the Audit Committee on the information security program, major risks and any</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:184.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">cybersecurity incidents, typically at least annually. Additionally, cybersecurity risks are reported to the Board, at least</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:195.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:313.43pt">annually, as part of Criteo’s enterprise risk mapping (“ERM”) program.  </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.43pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:218.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:126.54pt">Quality Control of Security</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">To help ensure that our security program functions in line with industry expectations, Criteo invests in identifying and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.88pt">remediating gaps in our security posture. To accomplish this, we use a mix of our internal expertise and external third-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">party expertise, as needed, to audit ourselves against industry standards, such as the National Institute of Standards and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Technology (“NIST”) Cybersecurity Framework, International Organization for Standardization 27001 Information Security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">Management System Requirements (“ISO27001”) and the American Institute of Certified Public Accountants’ Service</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Organization Control Type 2 (“AICPA SOC 2”). Various parts of our business maintain independently assessed security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:483.23pt">certifications, and we also run certification programs to expand the scope of our existing security certifications</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.23pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:16.66pt">Our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:52.66pt;position:var(--position);text-decoration:none;white-space:pre;width:31.01pt"> Board</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.67pt;position:var(--position);text-decoration:none;white-space:pre;width:451.71pt"> is primarily responsible for the oversight of our risk management activities and has delegated to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.38pt;position:var(--position);text-decoration:none;white-space:pre;width:17.68pt">the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.06pt;position:var(--position);text-decoration:none;white-space:pre;width:22.77pt">Audit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:48.32pt">Committee</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.32pt;position:var(--position);text-decoration:none;white-space:pre;width:169.37pt"> the responsibility to assist in this task.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">The Audit Committee regularly reviews and discusses with management and, as appropriate, the Company’s auditors, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">Company’s guidelines and policies with respect to risk assessment and risk management, including the Company’s data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:454.43pt">privacy and cybersecurity risk exposures and the steps taken to monitor and manage those exposures.</span></div> true <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">The CISO helps maintain a comprehensive security program that serves as a governance framework for information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">security at Criteo, supports the business goals of the company and details, across problem spaces and security core</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.37pt">functions, the various initiatives, their scope, the associated risks and weaknesses, the roadmap and the current progress.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:526.06pt">Criteo assesses and manages its cybersecurity risks in part through an executive committee referred to as </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:562.06pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">t</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.83pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">he</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:128.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Governance Risk and Compliance Committee (the “GRCC”). The GRCC is composed of the CISO and certain members</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">of our executive and leadership teams, and meets several times a year to discuss strategic information security matters</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.24pt">including the security program, major risks and incidents and significant key performance indicators (“KPIs”).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">As a member of the GRCC, the CISO briefs the Audit Committee on the information security program, major risks and any</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:184.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">cybersecurity incidents, typically at least annually. Additionally, cybersecurity risks are reported to the Board, at least</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div>annually, as part of Criteo’s enterprise risk mapping (“ERM”) program. true <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.83pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">he</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:128.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Governance Risk and Compliance Committee (the “GRCC”). The GRCC is composed of the CISO and certain members</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">of our executive and leadership teams, and meets several times a year to discuss strategic information security matters</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.24pt">including the security program, major risks and incidents and significant key performance indicators (“KPIs”).</span> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.83pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">he</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:128.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Governance Risk and Compliance Committee (the “GRCC”). The GRCC is composed of the CISO and certain members</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">of our executive and leadership teams, and meets several times a year to discuss strategic information security matters</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:478.24pt">including the security program, major risks and incidents and significant key performance indicators (“KPIs”).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">As a member of the GRCC, the CISO briefs the Audit Committee on the information security program, major risks and any</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:184.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">cybersecurity incidents, typically at least annually. Additionally, cybersecurity risks are reported to the Board, at least</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div>annually, as part of Criteo’s enterprise risk mapping (“ERM”) program. <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.84pt">To help ensure that our security program functions in line with industry expectations, Criteo invests in identifying and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.88pt">remediating gaps in our security posture. To accomplish this, we use a mix of our internal expertise and external third-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">party expertise, as needed, to audit ourselves against industry standards, such as the National Institute of Standards and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Technology (“NIST”) Cybersecurity Framework, International Organization for Standardization 27001 Information Security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">Management System Requirements (“ISO27001”) and the American Institute of Certified Public Accountants’ Service</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">Organization Control Type 2 (“AICPA SOC 2”). Various parts of our business maintain independently assessed security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:483.23pt">certifications, and we also run certification programs to expand the scope of our existing security certifications</span> true true <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">The process of assessing, identifying and managing cybersecurity related risks is integrated into our overall ERM via a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.97pt">dedicated Information Security Risk Management program that is focused on cybersecurity risk and run by our security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:78.75pt">compliance team.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.75pt;position:var(--position);text-decoration:none;white-space:pre;width:461.22pt"> Risks that are identified through our security processes go through a process of analysis, prioritization,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">treatment and monitoring. During the lifecycle of cybersecurity specific risks, risk owners, working alongside the security</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.83pt">compliance team, are assigned to develop risk mitigation plans, which are followed by the team until a risk is sufficiently</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:589pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.98pt">mitigated or resolved, at which point such risk reaches a monitoring state. Cybersecurity risks are aggregated into</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:284.4pt">strategic business risks and incorporated into the ERM program.</span></div> true false false false false false true 1756 Deloitte & Associés Paris-La Défense, France 342038000 290693000 25900000 28600000 582102000 800859000 14233000 1550000 57050000 53883000 23242000 26242000 53210000 50887000 1071875000 1224114000 139330000 107222000 151853000 158384000 535761000 515188000 134205000 99468000 23500000 15584000 8314000 4332000 90689000 81006000 45680000 61151000 1129332000 1042335000 2201207000 2266449000 566046000 802524000 9229000 1882000 27528000 34863000 11360000 3325000 33085000 25812000 14713000 19148000 114416000 109227000 68277000 49819000 844654000 1046600000 5285000 4067000 5707000 4709000 105277000 77584000 22729000 31939000 31826000 20453000 170824000 138752000 1015478000 1185352000 0.025 0.025 55659895 55659895 57744839 57744839 51151866 54277422 1871000 1931000 4508029 3467417 120853000 125298000 706321000 709580000 -68879000 -108768000 630750000 571744000 1149210000 1049189000 36519000 31908000 1185729000 1081097000 2201207000 2266449000 1944901000 1933289000 1949445000 770284000 811806000 926839000 125237000 138512000 159562000 1049380000 982971000 863044000 283303000 279341000 242289000 394370000 376090000 406012000 168942000 176138000 137525000 846615000 831569000 785826000 202765000 151402000 77218000 809000 3095000 -2490000 203574000 154497000 74728000 54195000 39784000 20084000 149379000 114713000 54644000 144602000 111571000 53259000 4777000 3142000 1385000 52934526 54817136 56170658 54792540 58605529 60231627 2.73 2.04 0.95 2.64 1.90 0.88 149379000 114713000 54644000 38891000 -26701000 4153000 -561000 187000 -264000 39452000 -26888000 4417000 188831000 87825000 59061000 184470000 88126000 59874000 4361000 -301000 -813000 63248728 2079000 5985104 -174293000 734492000 -91890000 577653000 1048041000 33065000 1081106000 53259000 53259000 1385000 54644000 6616000 6616000 -2199000 4417000 101935 3000 1945000 1948000 1948000 2185000 59000 584532 -12505000 62429000 75506000 125489000 125489000 95236000 95236000 27000 95263000 4000 52000 -50000 6000 492000 498000 61165663 2023000 5400572 -161788000 769240000 -85326000 555456000 1079605000 31786000 1111391000 111571000 111571000 3142000 114713000 -23446000 -23446000 -3442000 -26888000 169176 4000 4546000 4550000 4550000 3590000 96000 1933155 -36490000 168781000 92211000 224598000 224598000 104575000 104575000 216000 104791000 -4000 3072000 3068000 -206000 2862000 57744839 1931000 3467417 -125298000 709580000 -108768000 571744000 1049189000 31908000 1081097000 144602000 144602000 4777000 149379000 39867000 39867000 -415000 39452000 110056 2000 1895000 1897000 1897000 2195000 62000 1040612 -4445000 69258000 84784000 149659000 149659000 64104000 64104000 246000 64350000 -22000 812000 790000 -3000 787000 55659895 1871000 4508029 -120853000 706321000 -68879000 630750000 1149210000 36519000 1185729000 480000000.0 4286624 30.0 1679674 1006482 2185000 630000000.0 5976764 37.6 2366158 1953761 3590000 805000000.0 5393002 28.2 2157390 2195000 149379000 114713000 54644000 175203000 192118000 103369000 129446000 87754000 72336000 0 0 43334000 57848000 102617000 97185000 -1728000 -7418000 7929000 10359000 1757000 -880000 0 1007000 2344000 -7533000 -26040000 -23588000 -21992000 19389000 4424000 -5347000 1784000 -2811000 13345000 48670000 -66233000 -245977000 28516000 56344000 -265395000 -17160000 87937000 -13665000 -10142000 5616000 -7505000 -11314000 40952000 -87000 -1822000 -696000 311237000 258161000 224246000 102739000 78112000 116115000 2013000 1476000 1804000 0 0 8847000 0 527000 6825000 28436000 26688000 22471000 28029000 5950000 26048000 -101133000 -97901000 -108712000 1897000 4550000 1945000 152064000 224595000 125489000 0 51983000 22025000 -1309000 1529000 -1685000 -151476000 -270499000 -147254000 -7212000 -10159000 -5139000 51416000 -120398000 -36859000 290943000 411341000 448200000 342359000 290943000 411341000 64930000 40705000 40127000 1584000 1360000 1539000 18126000 1758000 3346000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:81.47pt;position:var(--position);text-decoration:none;white-space:pre">1. Principles and Accounting Methods</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">We prepared the consolidated financial statements in accordance with the U.S. generally accepted accounting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">principles ("GAAP"). The consolidated financial statements include the accounts of Criteo S.A. and its subsidiaries</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:481.1pt">where we have controlling financial interests. Intercompany transactions and balances have been eliminated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">The table below presents at each period’s end and for all entities included in the consolidation scope the following</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:403.29pt">information: the country of incorporation and the percentage of voting rights and ownership </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.29pt;position:var(--position);text-decoration:none;white-space:pre;width:40.54pt">interests.</span></div><div style="position:var(--position);top:165.9pt;width:612pt"><div style="font-size:0pt;left:54pt;position:var(--position);width:504pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:185.25pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:68.25pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:17.25pt"><td style="border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:11.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:14.39pt;position:var(--position);text-decoration:none;white-space:pre">Country</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:11.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidation Method</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo S.A </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:39.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:39.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">French subsidiaries</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo France SAS</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:62.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:62.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Technology SAS</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:73.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign subsidiaries</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Holdings, Inc. </span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:58.2pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:96pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:96pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Ltd</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:107.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:107.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:118.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:118.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Doobe In Site Ltd.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:129.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.55pt;position:var(--position);text-decoration:none;white-space:pre">Israel</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:129.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo GmbH</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:141pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.56pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Nordics AB </span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:152.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.05pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Korea Ltd. </span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:163.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.88pt;position:var(--position);text-decoration:none;white-space:pre">Korea</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:163.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo KK</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:174.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.71pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:174.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo do Brasil Desenvolvimento De Serviços De Internet Ltda.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:186pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.38pt;position:var(--position);text-decoration:none;white-space:pre">Brazil</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:186pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo BV</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:197.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:3.74pt;position:var(--position);text-decoration:none;white-space:pre">The Netherlands</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:197.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Australia Pty Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:208.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:208.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Srl</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:219.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:20.38pt;position:var(--position);text-decoration:none;white-space:pre">Italy</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:219.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:231pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Advertising (Beijing) Co. Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:231pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.05pt;position:var(--position);text-decoration:none;white-space:pre">China</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:231pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Brandcrush Pty Ltd</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:53.56pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:242.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:242.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:253.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Singapore Pte. Ltd.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:253.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.22pt;position:var(--position);text-decoration:none;white-space:pre">Singapore</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:253.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo LLC</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:264.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.71pt;position:var(--position);text-decoration:none;white-space:pre">Russia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:264.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Europa MM S.L.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:276pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:276pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:287.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo España S.L.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:287.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:287.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:298.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Canada Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:298.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:298.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:309.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Reklamcılık Hizmetleri ve Ticaret Anonim Şirketi</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:309.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.83pt;position:var(--position);text-decoration:none;white-space:pre">Turkey</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:309.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:321pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo MEA FZ-LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:321pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.23pt;position:var(--position);text-decoration:none;white-space:pre">United Arab </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Emirates</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:321pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:338.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo India Private Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:338.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">India</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:338.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:349.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Bidswitch GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:46.910000000000004pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:349.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:349.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:360.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bidswitch Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:360.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:360.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:372pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Iponweb GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:44.24pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:372pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:372pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:383.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:383.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:383.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:394.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs Limited</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:394.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.38pt;position:var(--position);text-decoration:none;white-space:pre">Cyprus</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:394.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:405.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">The MediaGrid Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:405.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:405.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:417pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:417pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.72pt;position:var(--position);text-decoration:none;white-space:pre">Armenia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:417pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:428.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Technology SRL</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:428.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.89pt;position:var(--position);text-decoration:none;white-space:pre">Romania</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:428.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:613.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Holdings Inc. includes a French </span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:179.64pt;position:var(--position);text-decoration:none;white-space:pre">Branch</span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:624.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Liquidated during the twelve months ended December 31, 2025</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:645.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Functional Currency and Translation of Financial Statements in Foreign Currency </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The Consolidated Financial Statements are presented in U.S. dollars, which differs from the functional currency of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:68.31pt">the Parent, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.31pt;position:var(--position);text-decoration:none;white-space:pre;width:19.71pt"> Eur</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:415.88pt">o. The statements of financial position of consolidated entities having a functional currency</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">different from the U.S. dollar are translated into U.S. dollars at the closing exchange rate (spot exchange rate at</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">the statement of financial position date) and the statements of income, statements of comprehensive income and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">statements of cash flow of such consolidated entities are translated at the average year-to-date exchange rate.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">The resulting translation adjustments are included in equity under the caption “Accumulated other comprehensive</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:365.55pt">income (loss)” in the Consolidated Statements of Changes in Shareholders' Equity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:161.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:239.92pt">Conversion of Foreign Currency Transactions</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:293.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Foreign currency transactions are converted to U.S. dollars at the rate of exchange applicable on the transaction</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">date. At period-end, foreign currency monetary assets and liabilities are converted at the rate of exchange</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">prevailing on that date. The resulting exchange gains or losses are recorded in the Consolidated Statements of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Income in “Other financial income (expense)” with the exception of exchange differences arising from monetary</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:354.31pt">items that form part of the reporting entity’s net investment in a foreign operatio</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:408.31pt;position:var(--position);text-decoration:none;white-space:pre;width:18.76pt">n, w</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.07pt;position:var(--position);text-decoration:none;white-space:pre;width:130.85pt">hich are recognized in "Other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">comprehensive income" in the Consolidated Statements of Comprehensive Income. They will be recognized in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:206.05pt">profit or loss on disposal of the net investment.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:88.55pt">Use of Estimates</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:142.55pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">The preparation of our Consolidated Financial Statements in conformity with GAAP requires management to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:453.83pt">contingent assets and liabilities at the date of the consolidated financial statements and the reported </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:507.83pt;position:var(--position);text-decoration:none;white-space:pre;width:38.34pt">amounts</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.73pt"> of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">revenue and expenses during the period. We base our estimates and assumptions on historical experience and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">other factors that we believe to be reasonable under the circumstances. We evaluate our estimates and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:363.09pt">assumptions on an ongoing basis. Actual results could differ from these estimates.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">On an on-going basis, management evaluates its estimates, primarily those related to: (1) revenue recognition (2)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:442.17pt">income taxes, (3) assumptions used in the valuation of long-lived assets including intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.17pt;position:var(--position);text-decoration:none;white-space:pre;width:3.11pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.28pt;position:var(--position);text-decoration:none;white-space:pre;width:58.68pt">and goodwill,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:404.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.45pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">(4) </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:88.44pt;position:var(--position);text-decoration:none;white-space:pre;width:396.11pt">assumptions surrounding the recognition and valuation of contingent liabilities and losses.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:434.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.46pt">Operating Segments</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:161.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:179.23pt">We report our financial results based on </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.23pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.78pt;position:var(--position);text-decoration:none;white-space:pre;width:267.19pt"> reportable segments: Retail Media and Performance Media.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">The reported segment information is based on internal management data used for business performance analysis</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">and resource allocation, following the management approach. An operating segment is a component of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Company for which separate financial information is available that is evaluated regularly by our Chief Operating</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:410.94pt">Decision Maker ("CODM") in deciding how to allocate resources and assessing performance.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:38.31pt">Refer to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.31pt;position:var(--position);text-decoration:none;white-space:pre;width:29.44pt">Note 3</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.75pt;position:var(--position);text-decoration:none;white-space:pre;width:193.28pt"> Segment information for further discussion.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:123.32pt">Business combinations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">We include the results of operations of the businesses that we acquire as of the acquisition date. We allocate the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">purchase price of our acquisitions to the assets acquired and liabilities assumed based on their estimated fair</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">values. The excess of the purchase price over the fair values of these identifiable assets and liabilities is recorded</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">as goodwill. Acquisition-related expenses are recognized separately from the business combination and are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:98.35pt">expensed as incurred.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:295.53pt">Internally Developed Software and Software as a Service</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We capitalize external costs and directly attributable internal development costs to acquire or create internal use</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:467.16pt">software which are incurred subsequent to the completion of the preliminary project stage. These costs </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.1600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt">relate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.1600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.78pt"> to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">activities such as software design, configuration, coding and testing. Costs related to post-implementation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:308.89pt">activities such as training and maintenance are expensed as incurred.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:284.76pt">Capitalized costs are included in Intangible Assets on the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.76pt;position:var(--position);text-decoration:none;white-space:pre;width:132.76pt">consolidated balance sheets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.52pt;position:var(--position);text-decoration:none;white-space:pre;width:86.39pt">. These costs are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:52.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:339.33pt">amortized over the estimated useful life of the software, which is typically </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.33pt;position:var(--position);text-decoration:none;white-space:pre;width:51.25pt">three years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.58pt;position:var(--position);text-decoration:none;white-space:pre;width:113.3pt">, on a straight-line basis,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:64.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.41pt">which represents the manner in which the expected benefit will be derived.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:82.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">We also enter into cloud-based software hosting arrangements, which are accounted for as service contracts. The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Company capitalizes certain implementation costs, which are consistent with costs incurred during the application</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:402.6pt">development stage for on-premise software. The capitalized costs are presented within </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.6pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">p</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.16pt;position:var(--position);text-decoration:none;white-space:pre;width:95.75pt">repaid expenses and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:122.14pt">other current assets on the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.14pt;position:var(--position);text-decoration:none;white-space:pre;width:126.34pt">consolidated balance sheets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.48pt;position:var(--position);text-decoration:none;white-space:pre;width:255.39pt">, and are amortized on a straight-line basis over the fixed,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:130.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:466.12pt">non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:148.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">The Company applies the same impairment model to both internal-use software and capitalized implementation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:160.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:297.72pt">costs in a software hosting arrangement, which is accounted for as </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.72pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.28pt;position:var(--position);text-decoration:none;white-space:pre;width:75.53pt"> service contract.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:190.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:127.59pt">Property and Equipment</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:181.59pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Property and equipment is accounted for at acquisition cost less accumulated depreciation and any impairment.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Depreciation is calculated on a straight-line basis over the assets’ estimated useful lives. Our estimate of useful</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:23.12pt">lives </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.12pt;position:var(--position);text-decoration:none;white-space:pre;width:480.77pt">represents management's best estimate and is evaluated periodically. If the estimated useful life of an asset</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:465.49pt">changes, the remaining carrying amount of the asset is depreciated over the revised estimated useful life.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.97pt">The estimated useful lives of property and equipment are described below:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:161.65pt">Servers and Networking equipment  </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.65pt;position:var(--position);text-decoration:none;white-space:pre;width:263.15pt">...............................................................................................</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.8pt;position:var(--position);text-decoration:none;white-space:pre;width:11.08pt">... </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.88pt;position:var(--position);text-decoration:none;white-space:pre;width:32.78pt">6 years</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:435.59pt">Furniture and IT equipments............................................................................................................... </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.59pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">3</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.15pt;position:var(--position);text-decoration:none;white-space:pre;width:13.87pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.02pt;position:var(--position);text-decoration:none;white-space:pre;width:32.78pt">5 years</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:469.94pt">Leasehold improvements are depreciated over their useful life or over the lease term, whichever is shorter.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">In January 2025, we completed an assessment of the useful lives of our servers and network equipment, resulting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:404.69pt">in a change in the estimated useful life of certain servers and network equipment from </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.69pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt"><span style="-sec-ix-hidden:f-643">five</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.24pt;position:var(--position);text-decoration:none;white-space:pre;width:16.95pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.19pt;position:var(--position);text-decoration:none;white-space:pre;width:40.98pt">six years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:25.78pt">. This</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:306.47pt">change in accounting estimate is effective beginning fiscal year 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:440.46pt">that the carrying amount of an asset is impaired or the estimated useful life is no longer appropriate.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">If an asset is deemed to be impaired, an impairment loss is recorded to write the asset down to its estimated fair</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:304.95pt">value. Fair value is estimated based on discounted future cash flows.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:440.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:122.68pt">Goodwill and Acquired </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:176.68pt;position:var(--position);text-decoration:none;white-space:pre;width:51.87pt">Intangible</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:228.55pt;position:var(--position);text-decoration:none;white-space:pre;width:39.09pt"> Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt"><span style="background-color:inherit">Goodwill represents the excess of the aggregate purchase price paid over the fair value of the net tangible and</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:118.34pt"><span style="background-color:inherit">intangible assets acquired.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.34pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt"><span style="background-color:inherit">Goodwill is allocated to reporting units based on the expected benefit from the business combination and is tested</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt"><span style="background-color:inherit">for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.22pt"><span style="background-color:inherit">may not be recoverable.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:531.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:93.14pt"><span style="background-color:inherit">The Company has </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.14pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt"><span style="background-color:inherit">two</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.69pt;position:var(--position);text-decoration:none;white-space:pre;width:80.34pt"><span style="background-color:inherit"> reporting units, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.03pt;position:var(--position);text-decoration:none;white-space:pre;width:25.55pt"><span style="background-color:inherit">Retail</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:289.39pt"><span style="background-color:inherit"> Media and Performance Media, that are subject to goodwill</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:88.91pt"><span style="background-color:inherit">impairment testing. </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.91pt;position:var(--position);text-decoration:none;white-space:pre;width:414.95pt"><span style="background-color:inherit">In the impairment assessment of its goodwill, the Company performs a quantitative test that</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt"><span style="background-color:inherit">involves estimating the fair value of each reporting unit using a discounted cash flow model, which requires</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt"><span style="background-color:inherit">significant assumptions, including projected future cash flows, discount rates and long-term growth rates. The</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt"><span style="background-color:inherit">estimated fair value of each reporting unit is then compared to its carrying value, including goodwill. If the carrying</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt"><span style="background-color:inherit">value exceeds the estimated fair value, the Company would be required to recognize an impairment loss in the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt"><span style="background-color:inherit">Consolidated Statement of Income. Changes in estimates or underlying assumptions could affect the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:285.48pt"><span style="background-color:inherit">determination of fair value and may result in a future impairment.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt"><span style="background-color:inherit">Acquired intangible assets are accounted for at acquisition cost less cumulative amortization and any impairment</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt"><span style="background-color:inherit">loss. </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.33pt;position:var(--position);text-decoration:none;white-space:pre;width:480.64pt"><span style="background-color:inherit">Intangible assets that are not considered to have an indefinite useful life are amortized over their useful lives.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:341.89pt"><span style="background-color:inherit">Acquired intangible assets are amortized over their estimated useful lives of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.89pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt"><span style="background-color:inherit"><span style="-sec-ix-hidden:f-647">three</span></span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.67pt;position:var(--position);text-decoration:none;white-space:pre;width:14.73pt"><span style="background-color:inherit"> to </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.4pt;position:var(--position);text-decoration:none;white-space:pre;width:46.55pt"><span style="background-color:inherit">nine years</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.95pt;position:var(--position);text-decoration:none;white-space:pre;width:77.94pt"><span style="background-color:inherit"> on a straight-line</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:33.34pt"><span style="background-color:inherit">method</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.34pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.11pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt"><span style="background-color:inherit"> Intangible assets are reviewed for impairment whenever events or changes in circumstances such as,</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt"><span style="background-color:inherit">but not limited to, significant declines in revenue, earnings or cash flows or material adverse changes in the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:438.29pt"><span style="background-color:inherit">financial and economic environment indicate that the carrying amount of an asset may be impaired.</span></span></div></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Leases </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">The Company leases space under noncancellable operating leases for offices and data centers. Office leases</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">typically include rent free periods and rent escalation periods, and may also include leasehold improvement</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">incentives. Leases for data centers may also include rent free periods and rent escalation periods. Both office and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">data center leases may contain both lease components (rent) and non-lease components (maintenance, electrical</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:387.02pt">costs, and other service charges). Non-lease components are accounted for separately.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:125.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">Leases typically contain options to renew, and/or early terminate the lease. Options have been included in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:137.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">lease term if management has determined it is reasonably certain that they will be exercised, at lease</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:73.89pt">commencement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:167.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">Operating lease liabilities are recognized based on the present value of the future minimum lease payments over</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:179.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">the lease term at commencement date. As most of the leases do not provide an implicit rate, the Company uses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:191.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">its incremental borrowing rate at lease commencement to determine the present value of future payments. It is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">then adjusted in consideration of the currency of the lease and the lease term as of the lease commencement</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt">date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Lease expense is recognized for minimum lease payments on a straight-line basis over the lease term. Variable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:339.47pt">costs include changes in indexation and are expensed in the period incurred.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:275.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:110.52pt">Accounts Receivable</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:99.19pt">The Company carries</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.19pt;position:var(--position);text-decoration:none;white-space:pre;width:14.58pt"> its</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:390.16pt"> accounts receivable at original invoiced amount less an allowance for any potential</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">uncollectible amounts. Receivables are presented on a gross basis and are not netted against the payments we</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:248.87pt">are required to make to advertising inventory publishers.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:64.02pt">The Company</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.02pt;position:var(--position);text-decoration:none;white-space:pre;width:263.75pt"> applies ASC 326, Financial Instruments — Credit Losses</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">,</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.54pt;position:var(--position);text-decoration:none;white-space:pre;width:173.42pt"> which requires the measurement and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">recognition of expected credit losses for financial assets held at amortized cost that an entity does not expect to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">collect over the asset's contractual life, considering past events, current conditions, and reasonable and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:231.09pt">supportable forecasts of future economic conditions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">For accounts receivable measured at amortized cost, the Company uses aging analysis, and probability of default</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:53.21pt">methods to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:98.78pt">evaluate and estimate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.99pt;position:var(--position);text-decoration:none;white-space:pre;width:351.96pt"> the expected credit losses. A receivable is considered past due if we have not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:130.57pt">received payments based on </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.57pt;position:var(--position);text-decoration:none;white-space:pre;width:56.7pt">agreed-upon</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.27pt;position:var(--position);text-decoration:none;white-space:pre;width:30.53pt"> terms.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:432.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">Allowances for credit losses on trade receivables are recorded in “Sales and operations expenses” in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Consolidated Statements of Income. The Company generally does not require any security or collateral to support</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:456.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:66.1pt">its receivables.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.1pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.08pt">Derivative financial instruments</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:220.08pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The Company buys and sells derivative financial instruments in order to manage and reduce exposure to the risk</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">of exchange rate fluctuations. The Company only deals with major financial institutions. Financial instruments may</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:530.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">only be classified as hedges when we can demonstrate and document the effectiveness of the hedging</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">relationship at inception and throughout the life of the hedge. Generally, derivatives are not designated as hedging</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:554.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:300.72pt">instruments and mainly consist of forward buying contracts that are </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.72pt;position:var(--position);text-decoration:none;white-space:pre;width:24.64pt">used </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.36pt;position:var(--position);text-decoration:none;white-space:pre;width:178.55pt">to hedge intercompany transactions and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:469.2pt">other monetary assets or liabilities denominated in currencies other than the local currency of a subsidiary.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:584.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:390.2pt">The Company recognizes gains and losses on these contracts, as well as the related </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.2pt;position:var(--position);text-decoration:none;white-space:pre;width:26.1pt">costs,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.3pt;position:var(--position);text-decoration:none;white-space:pre;width:87.66pt"> in financial income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:596.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:441.85pt">(expense), net, along with the foreign currency gains and losses on monetary assets and liabilities. </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.85pt;position:var(--position);text-decoration:none;white-space:pre;width:62.14pt">This results in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:481.56pt">the cash flows from derivative instruments to be classified in the same category as the underlying cash flows.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.56pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">Derivative instruments are considered level 2 financial instruments as they are measured using valuation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:202.24pt">techniques based on observable market data.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:668.1pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Fair value measurements</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Fair value is defined as the market price that would be received from selling an asset or paid to transfer a liability</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">in an orderly transaction between market participants at the measurement date. To determine the fair value</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">measurements for assets and liabilities which are required to be recorded at fair value, observable inputs are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:723.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">given preference over unobservable inputs. Fair value measurements are based on the following hierarchy, which</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:735.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:284.94pt">prioritizes the inputs used to measure fair value into three levels:</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:447.71pt">Level 1: fair value calculated using quoted prices in an active market for identical assets and liabilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:58.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Level 2: fair value calculated using valuation techniques based on observable market data such as prices</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:70.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:316.6pt">of similar assets and liabilities or parameters quoted in an active market</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Level 3: fair value calculated using valuation techniques based wholly or partially on unobservable inputs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:100.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:404.95pt">such as prices in an active market or a valuation based on multiples for unlisted companies.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:130.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Cas</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:74.16pt;position:var(--position);text-decoration:none;white-space:pre">h, Cash Equivalents and Investment Securities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.49pt">Cash and cash equivalents include cash </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.49pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">on</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.61pt;position:var(--position);text-decoration:none;white-space:pre;width:147.8pt"> hand, demand deposits, money </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.41pt;position:var(--position);text-decoration:none;white-space:pre;width:30.55pt">market</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.96pt;position:var(--position);text-decoration:none;white-space:pre;width:130.02pt"> funds and other highly liquid</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:161.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.83pt">investments with a remaining maturity at the date of purchase of three months or less, or with a maturity of more</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">than three months that can be early withdrawn without significant penalty or foregoing of interest, for which the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:185.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:248.86pt">risk of changes in value is considered to be insignificant.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:168.95pt">We hold investments in marketable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.95pt;position:var(--position);text-decoration:none;white-space:pre;width:6.17pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.12pt;position:var(--position);text-decoration:none;white-space:pre;width:328.88pt">securities, including term deposits with banks, not meeting the cash</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">equivalents definition. We classify marketable securities as either available-for-sale or held-to-maturity</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:435.29pt">investments, depending on whether we have the positive intent and ability to hold them to maturity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Our available-for-sale marketable investments are carried at estimated fair value with any unrealized gains and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:254.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:432.24pt">losses, net of taxes, included in accumulated other comprehensive income in stockholders' equity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:272.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Our held-to-maturity marketable investments are carried at amortized cost, and are subject to impairment</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:284.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:473.81pt">assessments. Interest income generated from held-to-maturity investments is recorded as financial income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">We also invest in nonmarketable securities, consisting mainly of private equity investments, which are classified</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:189.34pt">as equity investments and reported within </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.34pt;position:var(--position);text-decoration:none;white-space:pre;width:148pt">Other noncurrent financial assets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.34pt;position:var(--position);text-decoration:none;white-space:pre;width:166.64pt">. Equity investments without a readily</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">determinable fair value that do not qualify for the practical expedient to estimate fair value based on net asset</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:193.85pt">value are recorded at cost, less impairment.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:148.95pt">Concentration of Credit Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">primarily of cash, cash equivalents, marketable securities and accounts receivable. The Company’s cash, cash</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">equivalents and marketable securities are held and foreign exchange contracts are transacted with major financial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">institutions that the Company's management has assessed to be of high credit quality. The Company has not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.46pt">experienced any losses in such accounts.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">The Company mitigates its credit risk with respect to accounts receivable by performing credit evaluations and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.78pt">monitoring ag</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.78pt;position:var(--position);text-decoration:none;white-space:pre;width:352.13pt"><span style="background-color:inherit">encies' and advertisers' accounts receivable balances. During the years ended </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.91pt;position:var(--position);text-decoration:none;white-space:pre;width:88.23pt"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:555.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">,</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt"><span style="background-color:inherit">2024</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.24pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt"><span style="background-color:inherit">2023</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.7pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt"><span style="background-color:inherit">, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.24pt;position:var(--position);text-decoration:none;white-space:pre;width:158.34pt"><span style="background-color:inherit">no individual customer represented </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:107.22pt"><span style="background-color:inherit">10% or more of revenue</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">.</span></span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:507.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Employee Benefits </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Depending on the laws and practices of the countries in which we operate, employees may be entitled to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:179.63pt">compensation when they retire or to a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.63pt;position:var(--position);text-decoration:none;white-space:pre;width:32.79pt">defined</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:34.15pt"> benefit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.57pt;position:var(--position);text-decoration:none;white-space:pre;width:4.15pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.72pt;position:var(--position);text-decoration:none;white-space:pre;width:253.24pt">following their retirement. For state-managed plans and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">other defined contribution plans, we recognize them as expenses when they become payable, our commitment</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:146.64pt">being limited to our contributions.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.64pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:439.35pt">The liability with respect to defined benefit plans is estimated using the following main assumptions:</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.99pt">discount rate;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.32pt">future salary increases;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:105.01pt">employee turnover; and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.97pt">mortality tables.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.39pt">Service costs are recognized in profit or loss and are allocated by function.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Actuarial gains and losses are recognized in other comprehensive income and subsequently amortized into the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">income statement over a specified period, which is generally the expected average remaining service period of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">the employees participating in the plan. Actuarial gains and losses arise as a result of changes in actuarial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">assumptions or experience adjustments (differences between the previous actuarial assumptions and what has</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:737.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:81.66pt">actually occurred).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.66pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:75.69pt">Contingencies</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">We are involved in legal proceedings, claims, and regulatory, tax or government inquiries and investigations that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">arise in the ordinary course of business. Certain of these matters might include speculative claims for substantial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">or indeterminate amounts of damages. With respect to these matters, asserted and unasserted, we evaluate the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">associated developments on a regular basis and accrue a liability when we believe that it is both probable that a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">loss has been incurred and the amount can be reasonably estimated. If we determine there is a reasonable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.83pt">possibility that we may incur a loss and the loss or range of loss can be reasonably estimated, we disclose the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">possible loss in the accompanying notes to the consolidated financial statements to the extent material. We</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">review the developments in our contingencies that could affect the amount of the provisions that have been</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:155.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:384.45pt">previously recorded, and the matters and related reasonably possible losses disclosed.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:185.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Revenue </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:102.85pt;position:var(--position);text-decoration:none;white-space:pre">Recognition</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:166.32pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">We sell personalized digital display advertisements featuring product-level recommendations either directly to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">clients or to advertising agencies. We also provide technology to retailers and other companies in the ad-tech</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">industry which enables them to monetize on their advertising properties, or connect them to other players in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:73.14pt">ad-tech industry.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Revenue is recognized when control of the promised services is transferred to our clients, in an amount that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">reflects the consideration we expect to be entitled to in exchange for those services. Variable consideration is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">included in the transaction price only to the extent that it is probable that a significant reversal of cumulative</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:150.56pt">revenue recognized will not occur.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:296.46pt"> We determine revenue recognition by applying the following steps:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:258.22pt">Identification of the contract, or contracts, with a customer;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:261.61pt">Identification of the performance obligations in the contract;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:168.85pt">Determination of the transaction price;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:352.7pt">Allocation of the transaction price to the performance obligations in the contract;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:327.18pt">Recognition of revenue when, or as, we satisfy a performance obligations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:428.33pt">Our pricing models include click- and impression-based pricing, and percentage of spend pricing.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:200.38pt">Click and impression based pricing model</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">For campaigns priced on a click or an impression basis, we bill our customers when a user clicks on an</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">advertisement or an advertisement is displayed to a user. For these pricing models, we recognize revenue at a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">point in time when a user clicks on an advertisement or an advertisement is displayed, as our performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:269.38pt">obligation is the delivery of clicks or displays to the customer.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:522.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.52pt">Percentage of spend pricing model</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">For campaigns priced on a percentage of working media spend basis, we bill our customers when customers buy</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">and sell digital advertising inventory through our platform. For these pricing models, we recognize revenue at a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">point in time when the transactions occur through our platform, as our performance obligation is to provide access</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:313.63pt">to our platform to allow customers to buy and sell advertising inventory.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.63pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">We also provide professional services to our customers, such as campaign management and billing and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:606.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">administrative services. Revenue for professional services is recognized over time as customers simultaneously</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:319.96pt">receive and consume the benefits of the services as they are performed.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Principal versus Agent Considerations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The determination of whether we are acting as principal or agent requires judgment. We assess whether we act</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">as principal or agent based on whether we control the specified services or advertising inventory before it is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">transferred to the customer. In making this determination, we consider factors such as our level of control,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">responsibility for fulfillment, and discretion in establishing prices. When we determine that we act as principal, we</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">recognize revenue and related costs incurred on a gross basis. When we act as an agent, we recognize revenue</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:720.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:64.99pt">on a net basis.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">In our Performance Media segment, we may act as principal or agent depending on the nature of the contract. In</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:51.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:229.95pt">our Retail Media segment we act primarily as agent.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:74.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:111.06pt">Rebates and Incentives</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:92.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Criteo offers rebates and incentives to certain customers that could be either fixed or variable. Fixed incentives</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:104.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">may represent payments to a customer directly related to entering into an agreement, which are capitalized and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:116.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:325.5pt">amortized over the expected life of the agreement on a straight-line basis.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:134.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">Variable incentives are calculated based on the expected amount to be provided to customers and recognized as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:102.22pt">a reduction of revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:146.01pt">Contract Assets and Liabilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">Contract assets are recognized when we do not yet have unconditional rights to payment. Contract liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">recognized when there is an obligation to transfer services to a customer. Contract assets and liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">presented on a net basis at the contract level. Contract assets and contract liabilities are not material to our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:459.43pt">consolidated financial statements, and changes in these balances during the period were not significant.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:248.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:97.73pt">Practical Expedients</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:266.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:169.4pt">right to invoice for services performed.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Our contracts do not include a significant financing component, as payments are less than one year, typically</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">between 0 and 90 days. We expense sales commissions as incurred as the amortization period would have been</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">one year or less. These costs are recorded within Sales and operating expenses within the Consolidated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:99.96pt">Statements of Income.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:374.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">C</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:61.94pt;position:var(--position);text-decoration:none;white-space:pre">ost of Revenue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:389.73pt">Our cost of revenue primarily includes traffic acquisition costs and other cost of revenue.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.73pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:115.09pt">Traffic acquisition costs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.09pt;position:var(--position);text-decoration:none;white-space:pre;width:388.87pt"> consist primarily of purchases of impressions from publishers on a CPM basis, incurred</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">to generate our revenues, primarily for the Performance Media segment. We purchase impressions directly from</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">publishers or third-party intermediaries, such as advertisement exchanges. We recognize cost of revenue on a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">publisher by publisher basis as incurred. Costs owed to publishers but not yet paid are recorded in our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:288.29pt">Consolidated Statements of Financial Position as trade payables.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.29pt;position:var(--position);text-decoration:none;white-space:pre;width:8.31pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:113.99pt">Other Cost of Revenue </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.99pt;position:var(--position);text-decoration:none;white-space:pre;width:389.97pt">includes expenses related to depreciation of data center equipment, lease cost of data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">centers, cost of data purchased from third parties, digital taxes, and third-party hosting fees. The Company does</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">not build or operate its own data centers and none of its Research and Development employments are dedicated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">to revenue generating activities. As a result, we do not include the costs of such personnel in other cost of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:38.9pt">revenue.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:106.24pt">Operating Expenses</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">The Company categorizes its operating expenses into three functional categories: research and development,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:282.8pt">sales and operations, and general and administrative expenses.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:191.4pt">Research and development expenses </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.4pt;position:var(--position);text-decoration:none;white-space:pre;width:312.57pt">consist primarily of headcount-related expenses for our employees</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">working in the engine, platform, infrastructure, engineering , product, analytics and other teams, including salaries,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">bonuses, share-based compensation and other personnel related costs. Also included are non-personnel costs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:658.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">such as subcontracting, consulting and professional fees to third-party development resources, allocated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:670.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">corporate overhead, and depreciation and amortization costs. These expenses are partially offset by the French</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:682.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">research tax credit (CIR). The CIR offsets the income tax to be paid and the remaining portion (if any) can be</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:694.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">refunded at the end of a three-fiscal year period. The CIR is calculated based on eligible R&amp;D expenditures. As of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:706.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:89.59pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.59pt;position:var(--position);text-decoration:none;white-space:pre;width:6.44pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.03pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:26.79pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.06pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.3pt;position:var(--position);text-decoration:none;white-space:pre;width:66.02pt">, we recorded </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.32pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$6.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.77pt;position:var(--position);text-decoration:none;white-space:pre;width:6.44pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.21pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$7.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.66pt;position:var(--position);text-decoration:none;white-space:pre;width:26.79pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.45pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$9.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.9pt;position:var(--position);text-decoration:none;white-space:pre;width:82.99pt"> of CIR tax credits</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.79pt">against these expenses.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:151.15pt">Sales and operations expenses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.15pt;position:var(--position);text-decoration:none;white-space:pre;width:352.78pt"> consist primarily of headcount-related expenses for our employees working in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:52.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">our sales, business development, marketing, creative services and other teams, including salaries, bonuses,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:64.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">share-based compensation, and other personnel-related costs. Additional expenses in this category include</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:76.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">provisions for doubtful accounts, consulting and professional fees paid to third parties, and allocated corporate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">overhead.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.96pt">General and administrative expenses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.96pt;position:var(--position);text-decoration:none;white-space:pre;width:318.96pt"> consist primarily of headcount-related expenses, including salaries,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:124.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">bonuses, share-based compensation, pension benefits and other personnel-related costs for our administrative,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:136.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">legal, information technology, human resources, facilities and finance teams. Additional expenses included in this</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:148.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">category include professional fees, audit fees, tax services and legal fees, as well as insurance and other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:160.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:346.46pt">corporate expenses, along with allocated overhead, including internal IT costs.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:190.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:204.52pt">Advertising and Promotional Expenses</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:258.52pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:419.57pt">Advertising costs are expensed when incurred and are included in sales and operations</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.57pt;position:var(--position);text-decoration:none;white-space:pre;width:43.31pt"> expense</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.88pt;position:var(--position);text-decoration:none;white-space:pre;width:41.03pt">s on the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:359.22pt">consolidated statements of income. We incurred advertising expenses of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.22pt;position:var(--position);text-decoration:none;white-space:pre;width:54.5pt">$4.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.72pt;position:var(--position);text-decoration:none;white-space:pre;width:9.49pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.21pt;position:var(--position);text-decoration:none;white-space:pre;width:54.5pt">$1.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.71pt;position:var(--position);text-decoration:none;white-space:pre;width:26.17pt">, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$1.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.55pt;position:var(--position);text-decoration:none;white-space:pre;width:91.65pt"> for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.2pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.99pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.53pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.77pt;position:var(--position);text-decoration:none;white-space:pre;width:24.99pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.76pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:359pt;position:var(--position);text-decoration:none;white-space:pre;width:60.35pt">, respectively.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:263.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Share-Based Compensation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.54pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">Share-based compensation expense consists of the company's restricted stock units (RSUs), and performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">stock units (PSUs) expense and Lock-Up Shares "LUS" expense. RSUs and PSUs granted to employees are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">measured based on the grant-date fair value. The PSUs expense is updated to reflect the Company’s expectation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">of the likelihood of meeting the performance conditions of the granted instrument. In general, our RSUs and PSUs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:116.72pt">vest over a service period</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.72pt;position:var(--position);text-decoration:none;white-space:pre;width:15.29pt"> of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.01pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt"><span style="-sec-ix-hidden:f-665">three</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.79pt;position:var(--position);text-decoration:none;white-space:pre;width:15.29pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.08pt;position:var(--position);text-decoration:none;white-space:pre;width:45.15pt">four years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.23pt;position:var(--position);text-decoration:none;white-space:pre;width:288.72pt">. LUS were issued to the Iponweb seller as partial consideration</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:361.17pt">for the Iponweb Acquisition. Share-based compensation expense is generally </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.17pt;position:var(--position);text-decoration:none;white-space:pre;width:142.72pt">recognized based on a graded</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:200.49pt">vesting basis over the requisite service perio</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.49pt;position:var(--position);text-decoration:none;white-space:pre;width:303.37pt">d for each separately vesting tranche. We account for forfeitures as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:48.33pt">they occur.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.33pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:199.63pt">Financial and Other Income (Expense)</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:416.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">Financial and other income (expense) consists of investment gains and losses, foreign currency exchange</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:428.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:209.26pt">differences, and interest income and expenses.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:458.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:72.67pt">Income Taxes</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:126.67pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">recognized for all temporary differences between the financial reporting and tax bases of assets and liabilities,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">and for tax losses. Differences are defined as temporary when they are expected to reverse within a foreseeable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">future. Deferred tax assets are recognized to the extent that management determines it is more likely than not that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:209.56pt">such assets will be realized. In assessing realiz</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.56pt;position:var(--position);text-decoration:none;white-space:pre;width:294.4pt"><span style="background-color:inherit">ability, management considers all available evidence, both positive</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.3pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:183.82pt"><span style="background-color:inherit">and negative, including historical and </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.82pt;position:var(--position);text-decoration:none;white-space:pre;width:149.73pt"><span style="background-color:inherit">projected future taxable income</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.55pt;position:var(--position);text-decoration:none;white-space:pre;width:56.84pt"><span style="background-color:inherit">, the revers</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.39pt;position:var(--position);text-decoration:none;white-space:pre;width:113.6pt">al of existing temporary</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">differences, and available tax planning strategies. A valuation allowance is established for deferred tax assets that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">are not expected to be realized, and adjustments to the valuation allowance are recorded in income tax expense</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">in the period such determinations are made. Tax assets and liabilities are not discounted. Amounts recognized in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">the Consolidated Financial Statements are calculated at the level of each tax-paying entity included in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">consolidation scope. The effect of changes in tax laws or tax rates on deferred income tax assets and liabilities is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">recognized in the period in which such changes are enacted. Deferred tax assets and liabilities are measured</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:424.22pt">using enacted tax rates expected to apply in the periods in which temporary differences reverse.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:84pt">Certain tax credits,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:138pt;position:var(--position);text-decoration:none;white-space:pre;width:213.77pt"> including research and development tax credits</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.77pt;position:var(--position);text-decoration:none;white-space:pre;width:206.11pt">, are accounted for as a component of income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:251.46pt">tax expense in accordance with ASC 740, Income Taxes.</span></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:125.15pt">Uncertain Tax Positions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We record uncertain tax positions in accordance with ASC 740, which requires a two-step process in which</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">determinations are made (i) whether it is more likely than not that the tax positions will be sustained on the basis</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">of the technical merits of the position and (ii) for those tax positions that meet the more-likely-than-not recognition</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">threshold, we recognize the largest amount of tax benefit that is more than 50% likely to be realized upon ultimate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">settlement with a tax authority. We recognize interest and penalties related to unrecognized tax benefits within the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">income tax expense line in our consolidated statement of operations. Accrued interest and penalties are included</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:278.29pt">within the related tax liability in the consolidated balance sheet.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.29pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:161.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:101.37pt">Earnings Per Share</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Basic earnings per share (“Basic EPS”) is calculated by dividing the net income attributable to shareholders of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">Parent Company, Criteo S.A., by the weighted average number of shares outstanding during the period. Diluted</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">earnings per share ("Diluted EPS") is calculated by dividing the net income attributable to shareholders of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Parent company, Criteo S.A., by the weighted average number of shares outstanding, including the dilutive effect</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:397.2pt">of share-based awards as determined under the treasury stock method, during the period.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:258.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Reclassifications</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:278.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">In 2024, the Company changed the presentation of value-added tax ("VAT") receivables and payables within</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">Other taxes in the Consolidated Statement of Financial Position from a gross to a net presentation. For the fiscal</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:347.2pt">year ended December 31, 2023, this change resulted in a reclassification of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.2pt;position:var(--position);text-decoration:none;white-space:pre;width:56.99pt">$40.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.19pt;position:var(--position);text-decoration:none;white-space:pre;width:99.67pt"> between Other Taxes</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:172.04pt">Receivables and Other Taxes Payable.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:96.45pt">Recently Adopted </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:150.45pt;position:var(--position);text-decoration:none;white-space:pre;width:153.22pt">Accounting Pronouncements</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:303.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">In November 2023, the Financial Accounting Standards Board (FASB) Issued Accounting Standards Update</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">("ASU") 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. The ASU</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:494.13pt">to the CODM. The adoption of this ASU did not have a material impact on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which improves the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">transparency of income tax disclosures. The standard requires disaggregated information about a reporting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:377.92pt">entity's effective tax rate reconciliation as well as information on income taxes paid. T</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.92pt;position:var(--position);text-decoration:none;white-space:pre;width:125.97pt">he adoption of this ASU was</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">applied on a prospective basis and did not have a material impact on our consolidated financial statements. See</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:35pt">Note 17</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:89pt;position:var(--position);text-decoration:none;white-space:pre;width:159.22pt"> Income Taxes for more information.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.42pt">Accounting</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:114.42pt;position:var(--position);text-decoration:none;white-space:pre;width:181.91pt"> Pronouncements Not Yet Adopted</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:296.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Expense Disaggregation Disclosures, which requires disaggregated disclosure of income statement expenses.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">This standard is effective for annual periods beginning after December 15, 2026, with early adoption permitted.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">We do not expect the adoption of this standard to have a material impact on our consolidated financial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:51.65pt">statements.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.65pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">which simplifies the capitalization guidance by removing the references to project stages, among other changes.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">The new standard is effective for annual periods beginning after December 15, 2027. We are currently evaluating</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:369.94pt">the impact of the adoption of this standard on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:176.51pt">In December 2025, the FASB issued </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.51pt;position:var(--position);text-decoration:none;white-space:pre;width:20.54pt">ASU</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.05pt;position:var(--position);text-decoration:none;white-space:pre;width:306.93pt"> 2025-10, Government Grants, Accounting for Government Grants</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:664.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">received by Business Entities, which establishes guidance for business entities on how to recognize, measure,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">present and disclose government grants received. The new standard is effective for annual periods beginning</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">after December 15, 2028. We are currently evaluating the impact of the adoption of this standard on our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:149.99pt">consolidated financial statements.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">We prepared the consolidated financial statements in accordance with the U.S. generally accepted accounting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">principles ("GAAP"). The consolidated financial statements include the accounts of Criteo S.A. and its subsidiaries</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:481.1pt">where we have controlling financial interests. Intercompany transactions and balances have been eliminated.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">The table below presents at each period’s end and for all entities included in the consolidation scope the following</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:403.29pt">information: the country of incorporation and the percentage of voting rights and ownership </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.29pt;position:var(--position);text-decoration:none;white-space:pre;width:40.54pt">interests.</span></div><div style="position:var(--position);top:165.9pt;width:612pt"><div style="font-size:0pt;left:54pt;position:var(--position);width:504pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:185.25pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:68.25pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:17.25pt"><td style="border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:11.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:14.39pt;position:var(--position);text-decoration:none;white-space:pre">Country</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:11.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidation Method</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo S.A </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:39.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:39.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">French subsidiaries</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo France SAS</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:62.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:62.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Technology SAS</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:73.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign subsidiaries</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Holdings, Inc. </span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:58.2pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:96pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:96pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Ltd</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:107.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:107.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:118.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:118.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Doobe In Site Ltd.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:129.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.55pt;position:var(--position);text-decoration:none;white-space:pre">Israel</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:129.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo GmbH</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:141pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.56pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Nordics AB </span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:152.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.05pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Korea Ltd. </span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:163.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.88pt;position:var(--position);text-decoration:none;white-space:pre">Korea</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:163.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo KK</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:174.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.71pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:174.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo do Brasil Desenvolvimento De Serviços De Internet Ltda.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:186pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.38pt;position:var(--position);text-decoration:none;white-space:pre">Brazil</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:186pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo BV</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:197.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:3.74pt;position:var(--position);text-decoration:none;white-space:pre">The Netherlands</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:197.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Australia Pty Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:208.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:208.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Srl</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:219.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:20.38pt;position:var(--position);text-decoration:none;white-space:pre">Italy</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:219.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:231pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Advertising (Beijing) Co. Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:231pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.05pt;position:var(--position);text-decoration:none;white-space:pre">China</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:231pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Brandcrush Pty Ltd</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:53.56pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:242.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:242.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:253.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Singapore Pte. Ltd.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:253.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.22pt;position:var(--position);text-decoration:none;white-space:pre">Singapore</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:253.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo LLC</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:264.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.71pt;position:var(--position);text-decoration:none;white-space:pre">Russia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:264.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Europa MM S.L.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:276pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:276pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:287.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo España S.L.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:287.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:287.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:298.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Canada Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:298.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:298.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:309.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Reklamcılık Hizmetleri ve Ticaret Anonim Şirketi</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:309.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.83pt;position:var(--position);text-decoration:none;white-space:pre">Turkey</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:309.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:321pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo MEA FZ-LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:321pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.23pt;position:var(--position);text-decoration:none;white-space:pre">United Arab </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Emirates</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:321pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:338.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo India Private Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:338.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">India</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:338.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:349.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Bidswitch GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:46.910000000000004pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:349.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:349.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:360.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bidswitch Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:360.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:360.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:372pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Iponweb GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:44.24pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:372pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:372pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:383.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:383.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:383.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:394.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs Limited</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:394.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.38pt;position:var(--position);text-decoration:none;white-space:pre">Cyprus</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:394.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:405.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">The MediaGrid Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:405.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:405.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:417pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:417pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.72pt;position:var(--position);text-decoration:none;white-space:pre">Armenia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:417pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:428.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Technology SRL</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:428.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.89pt;position:var(--position);text-decoration:none;white-space:pre">Romania</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:428.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:613.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Holdings Inc. includes a French </span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:179.64pt;position:var(--position);text-decoration:none;white-space:pre">Branch</span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:624.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Liquidated during the twelve months ended December 31, 2025</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">The table below presents at each period’s end and for all entities included in the consolidation scope the following</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:403.29pt">information: the country of incorporation and the percentage of voting rights and ownership </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.29pt;position:var(--position);text-decoration:none;white-space:pre;width:40.54pt">interests.</span></div><div style="position:var(--position);top:165.9pt;width:612pt"><div style="font-size:0pt;left:54pt;position:var(--position);width:504pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:185.25pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:68.25pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);width:93.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:93.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:40.21pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:17.25pt"><td style="border-right:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:11.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:14.39pt;position:var(--position);text-decoration:none;white-space:pre">Country</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:4.04pt;position:var(--position);text-decoration:none;white-space:pre">Voting rights</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:11.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:7.02pt;position:var(--position);text-decoration:none;white-space:pre">Ownership </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:11.69pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:11.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidation Method</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo S.A </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:39.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:39.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:39.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.32pt;position:var(--position);text-decoration:none;white-space:pre">Parent company</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">French subsidiaries</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-right:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo France SAS</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:62.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:62.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:62.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Technology SAS</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:73.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.55pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:73.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign subsidiaries</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Criteo Holdings, Inc. </span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:58.2pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:96pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:96pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.77pt;position:var(--position);text-decoration:none;white-space:pre">—%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:96pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Ltd</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:107.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:107.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:107.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:118.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:118.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:118.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Doobe In Site Ltd.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:129.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.55pt;position:var(--position);text-decoration:none;white-space:pre">Israel</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:129.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:129.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo GmbH</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:141pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.56pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:141pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Nordics AB </span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:152.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.05pt;position:var(--position);text-decoration:none;white-space:pre">Sweden</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:152.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:152.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Korea Ltd. </span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:163.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.88pt;position:var(--position);text-decoration:none;white-space:pre">Korea</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:163.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:163.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo KK</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:174.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.71pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:174.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:17.44pt;position:var(--position);text-decoration:none;white-space:pre">66%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:174.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo do Brasil Desenvolvimento De Serviços De Internet Ltda.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:186pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.38pt;position:var(--position);text-decoration:none;white-space:pre">Brazil</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:186pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:186pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo BV</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:197.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:3.74pt;position:var(--position);text-decoration:none;white-space:pre">The Netherlands</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:197.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:197.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Australia Pty Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:208.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:208.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:208.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Srl</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:219.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:20.38pt;position:var(--position);text-decoration:none;white-space:pre">Italy</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:219.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:219.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:231pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Advertising (Beijing) Co. Ltd</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:231pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.05pt;position:var(--position);text-decoration:none;white-space:pre">China</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:231pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:231pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Brandcrush Pty Ltd</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:53.56pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:242.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.22pt;position:var(--position);text-decoration:none;white-space:pre">Australia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:242.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:242.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:253.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Singapore Pte. Ltd.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:253.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:12.22pt;position:var(--position);text-decoration:none;white-space:pre">Singapore</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:253.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:253.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo LLC</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:264.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.71pt;position:var(--position);text-decoration:none;white-space:pre">Russia</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:264.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:264.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Europa MM S.L.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:276pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:276pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:276pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:287.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo España S.L.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:287.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:287.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:287.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:298.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Canada Corp.</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:298.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Canada</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:298.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:298.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:309.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Reklamcılık Hizmetleri ve Ticaret Anonim Şirketi</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:309.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.83pt;position:var(--position);text-decoration:none;white-space:pre">Turkey</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:309.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:309.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:321pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo MEA FZ-LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:321pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.23pt;position:var(--position);text-decoration:none;white-space:pre">United Arab </span></div><div style="line-height:6pt;position:var(--position);top:9.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">Emirates</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:321pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:321pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:6.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:338.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo India Private Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:338.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:19.38pt;position:var(--position);text-decoration:none;white-space:pre">India</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:338.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:338.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:349.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Bidswitch GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:46.910000000000004pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:349.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:349.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:349.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:360.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bidswitch Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:360.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:360.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:360.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:372pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Iponweb GmbH</span><span style="font-family:'Arial', sans-serif;font-size:3.9000000000000004pt;font-style:normal;font-weight:normal;left:44.24pt;position:var(--position);top:-1.526pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:372pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">Switzerland</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:372pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:372pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:383.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Limited</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:383.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:4.57pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:383.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:394.5pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs Limited</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:394.5pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:16.38pt;position:var(--position);text-decoration:none;white-space:pre">Cyprus</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:394.5pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:394.5pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:405.75pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">The MediaGrid Inc.</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:405.75pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:7.9pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:405.75pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:405.75pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:417pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Iponweb Labs LLC</span></div></div></div></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:417pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:14.72pt;position:var(--position);text-decoration:none;white-space:pre">Armenia</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:417pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#cceeff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:417pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:428.25pt;width:185.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Technology SRL</span></div></div></div></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:185.25pt;position:var(--position);top:428.25pt;width:51.75pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:13.89pt;position:var(--position);text-decoration:none;white-space:pre">Romania</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240.75pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:338.25pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:428.25pt;width:45pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:15.78pt;position:var(--position);text-decoration:none;white-space:pre">100%</span></div></div></div></td><td style="background-color:#ffffff;border-right:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-left:1pt dotted #000;font-size:0;text-align:left;vertical-align:top"><div style="left:435.75pt;position:var(--position);top:428.25pt;width:68.25pt"><div><div style="line-height:6pt;position:var(--position);top:3.94pt;width:68.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Fully consolidated</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:613.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Criteo Holdings Inc. includes a French </span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:179.64pt;position:var(--position);text-decoration:none;white-space:pre">Branch</span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:624.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:4.55pt;font-style:italic;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;top:-1.7814999999999999pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Arial', sans-serif;font-size:7pt;font-style:italic;font-weight:normal;left:59.55pt;position:var(--position);text-decoration:none;white-space:pre">Liquidated during the twelve months ended December 31, 2025</span></div> 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.66 0.66 0.66 0.66 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Functional Currency and Translation of Financial Statements in Foreign Currency </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The Consolidated Financial Statements are presented in U.S. dollars, which differs from the functional currency of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:68.31pt">the Parent, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.31pt;position:var(--position);text-decoration:none;white-space:pre;width:19.71pt"> Eur</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:415.88pt">o. The statements of financial position of consolidated entities having a functional currency</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">different from the U.S. dollar are translated into U.S. dollars at the closing exchange rate (spot exchange rate at</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">the statement of financial position date) and the statements of income, statements of comprehensive income and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">statements of cash flow of such consolidated entities are translated at the average year-to-date exchange rate.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">The resulting translation adjustments are included in equity under the caption “Accumulated other comprehensive</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:365.55pt">income (loss)” in the Consolidated Statements of Changes in Shareholders' Equity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:161.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:239.92pt">Conversion of Foreign Currency Transactions</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:293.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Foreign currency transactions are converted to U.S. dollars at the rate of exchange applicable on the transaction</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">date. At period-end, foreign currency monetary assets and liabilities are converted at the rate of exchange</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">prevailing on that date. The resulting exchange gains or losses are recorded in the Consolidated Statements of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Income in “Other financial income (expense)” with the exception of exchange differences arising from monetary</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:354.31pt">items that form part of the reporting entity’s net investment in a foreign operatio</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:408.31pt;position:var(--position);text-decoration:none;white-space:pre;width:18.76pt">n, w</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.07pt;position:var(--position);text-decoration:none;white-space:pre;width:130.85pt">hich are recognized in "Other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">comprehensive income" in the Consolidated Statements of Comprehensive Income. They will be recognized in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:206.05pt">profit or loss on disposal of the net investment.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:88.55pt">Use of Estimates</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:142.55pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">The preparation of our Consolidated Financial Statements in conformity with GAAP requires management to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:453.83pt">contingent assets and liabilities at the date of the consolidated financial statements and the reported </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:507.83pt;position:var(--position);text-decoration:none;white-space:pre;width:38.34pt">amounts</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.73pt"> of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">revenue and expenses during the period. We base our estimates and assumptions on historical experience and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">other factors that we believe to be reasonable under the circumstances. We evaluate our estimates and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:362.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:363.09pt">assumptions on an ongoing basis. Actual results could differ from these estimates.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">On an on-going basis, management evaluates its estimates, primarily those related to: (1) revenue recognition (2)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:442.17pt">income taxes, (3) assumptions used in the valuation of long-lived assets including intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.17pt;position:var(--position);text-decoration:none;white-space:pre;width:3.11pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.28pt;position:var(--position);text-decoration:none;white-space:pre;width:58.68pt">and goodwill,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.45pt;position:var(--position);text-decoration:none;white-space:pre;width:14.99pt">(4) </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:88.44pt;position:var(--position);text-decoration:none;white-space:pre;width:396.11pt">assumptions surrounding the recognition and valuation of contingent liabilities and losses.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.46pt">Operating Segments</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:161.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:179.23pt">We report our financial results based on </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.23pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.78pt;position:var(--position);text-decoration:none;white-space:pre;width:267.19pt"> reportable segments: Retail Media and Performance Media.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">The reported segment information is based on internal management data used for business performance analysis</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">and resource allocation, following the management approach. An operating segment is a component of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Company for which separate financial information is available that is evaluated regularly by our Chief Operating</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:410.94pt">Decision Maker ("CODM") in deciding how to allocate resources and assessing performance.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:38.31pt">Refer to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.31pt;position:var(--position);text-decoration:none;white-space:pre;width:29.44pt">Note 3</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.75pt;position:var(--position);text-decoration:none;white-space:pre;width:193.28pt"> Segment information for further discussion.</span></div> 2 2 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:123.32pt">Business combinations</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">We include the results of operations of the businesses that we acquire as of the acquisition date. We allocate the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">purchase price of our acquisitions to the assets acquired and liabilities assumed based on their estimated fair</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">values. The excess of the purchase price over the fair values of these identifiable assets and liabilities is recorded</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">as goodwill. Acquisition-related expenses are recognized separately from the business combination and are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:98.35pt">expensed as incurred.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:295.53pt">Internally Developed Software and Software as a Service</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We capitalize external costs and directly attributable internal development costs to acquire or create internal use</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:467.16pt">software which are incurred subsequent to the completion of the preliminary project stage. These costs </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.1600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt">relate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.1600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:11.78pt"> to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">activities such as software design, configuration, coding and testing. Costs related to post-implementation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:308.89pt">activities such as training and maintenance are expensed as incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:284.76pt">Capitalized costs are included in Intangible Assets on the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.76pt;position:var(--position);text-decoration:none;white-space:pre;width:132.76pt">consolidated balance sheets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.52pt;position:var(--position);text-decoration:none;white-space:pre;width:86.39pt">. These costs are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:52.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:339.33pt">amortized over the estimated useful life of the software, which is typically </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.33pt;position:var(--position);text-decoration:none;white-space:pre;width:51.25pt">three years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.58pt;position:var(--position);text-decoration:none;white-space:pre;width:113.3pt">, on a straight-line basis,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:64.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.41pt">which represents the manner in which the expected benefit will be derived.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:82.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">We also enter into cloud-based software hosting arrangements, which are accounted for as service contracts. The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:94.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Company capitalizes certain implementation costs, which are consistent with costs incurred during the application</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:106.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:402.6pt">development stage for on-premise software. The capitalized costs are presented within </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.6pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">p</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.16pt;position:var(--position);text-decoration:none;white-space:pre;width:95.75pt">repaid expenses and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:118.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:122.14pt">other current assets on the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.14pt;position:var(--position);text-decoration:none;white-space:pre;width:126.34pt">consolidated balance sheets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.48pt;position:var(--position);text-decoration:none;white-space:pre;width:255.39pt">, and are amortized on a straight-line basis over the fixed,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:130.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:466.12pt">non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:148.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">The Company applies the same impairment model to both internal-use software and capitalized implementation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:160.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:297.72pt">costs in a software hosting arrangement, which is accounted for as </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.72pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.28pt;position:var(--position);text-decoration:none;white-space:pre;width:75.53pt"> service contract.</span></div> P3Y <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:127.59pt">Property and Equipment</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:181.59pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Property and equipment is accounted for at acquisition cost less accumulated depreciation and any impairment.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Depreciation is calculated on a straight-line basis over the assets’ estimated useful lives. Our estimate of useful</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:23.12pt">lives </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.12pt;position:var(--position);text-decoration:none;white-space:pre;width:480.77pt">represents management's best estimate and is evaluated periodically. If the estimated useful life of an asset</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:245.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:465.49pt">changes, the remaining carrying amount of the asset is depreciated over the revised estimated useful life.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.97pt">The estimated useful lives of property and equipment are described below:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:161.65pt">Servers and Networking equipment  </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.65pt;position:var(--position);text-decoration:none;white-space:pre;width:263.15pt">...............................................................................................</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.8pt;position:var(--position);text-decoration:none;white-space:pre;width:11.08pt">... </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.88pt;position:var(--position);text-decoration:none;white-space:pre;width:32.78pt">6 years</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:435.59pt">Furniture and IT equipments............................................................................................................... </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.59pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">3</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.15pt;position:var(--position);text-decoration:none;white-space:pre;width:13.87pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.02pt;position:var(--position);text-decoration:none;white-space:pre;width:32.78pt">5 years</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:469.94pt">Leasehold improvements are depreciated over their useful life or over the lease term, whichever is shorter.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">In January 2025, we completed an assessment of the useful lives of our servers and network equipment, resulting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:404.69pt">in a change in the estimated useful life of certain servers and network equipment from </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.69pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt"><span style="-sec-ix-hidden:f-643">five</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.24pt;position:var(--position);text-decoration:none;white-space:pre;width:16.95pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.19pt;position:var(--position);text-decoration:none;white-space:pre;width:40.98pt">six years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:25.78pt">. This</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:306.47pt">change in accounting estimate is effective beginning fiscal year 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:440.46pt">that the carrying amount of an asset is impaired or the estimated useful life is no longer appropriate.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:398.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">If an asset is deemed to be impaired, an impairment loss is recorded to write the asset down to its estimated fair</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:410.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:304.95pt">value. Fair value is estimated based on discounted future cash flows.</span></div> P6Y P3Y P5Y P6Y <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:122.68pt">Goodwill and Acquired </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:176.68pt;position:var(--position);text-decoration:none;white-space:pre;width:51.87pt">Intangible</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:228.55pt;position:var(--position);text-decoration:none;white-space:pre;width:39.09pt"> Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt"><span style="background-color:inherit">Goodwill represents the excess of the aggregate purchase price paid over the fair value of the net tangible and</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:118.34pt"><span style="background-color:inherit">intangible assets acquired.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.34pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt"><span style="background-color:inherit">Goodwill is allocated to reporting units based on the expected benefit from the business combination and is tested</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt"><span style="background-color:inherit">for impairment at least annually or whenever events or changes in circumstances indicate that the carrying value</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.22pt"><span style="background-color:inherit">may not be recoverable.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:531.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:93.14pt"><span style="background-color:inherit">The Company has </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.14pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt"><span style="background-color:inherit">two</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.69pt;position:var(--position);text-decoration:none;white-space:pre;width:80.34pt"><span style="background-color:inherit"> reporting units, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.03pt;position:var(--position);text-decoration:none;white-space:pre;width:25.55pt"><span style="background-color:inherit">Retail</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:289.39pt"><span style="background-color:inherit"> Media and Performance Media, that are subject to goodwill</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:88.91pt"><span style="background-color:inherit">impairment testing. </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.91pt;position:var(--position);text-decoration:none;white-space:pre;width:414.95pt"><span style="background-color:inherit">In the impairment assessment of its goodwill, the Company performs a quantitative test that</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt"><span style="background-color:inherit">involves estimating the fair value of each reporting unit using a discounted cash flow model, which requires</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt"><span style="background-color:inherit">significant assumptions, including projected future cash flows, discount rates and long-term growth rates. The</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt"><span style="background-color:inherit">estimated fair value of each reporting unit is then compared to its carrying value, including goodwill. If the carrying</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt"><span style="background-color:inherit">value exceeds the estimated fair value, the Company would be required to recognize an impairment loss in the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt"><span style="background-color:inherit">Consolidated Statement of Income. Changes in estimates or underlying assumptions could affect the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:285.48pt"><span style="background-color:inherit">determination of fair value and may result in a future impairment.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt"><span style="background-color:inherit">Acquired intangible assets are accounted for at acquisition cost less cumulative amortization and any impairment</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt"><span style="background-color:inherit">loss. </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.33pt;position:var(--position);text-decoration:none;white-space:pre;width:480.64pt"><span style="background-color:inherit">Intangible assets that are not considered to have an indefinite useful life are amortized over their useful lives.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:341.89pt"><span style="background-color:inherit">Acquired intangible assets are amortized over their estimated useful lives of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.89pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt"><span style="background-color:inherit"><span style="-sec-ix-hidden:f-647">three</span></span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.67pt;position:var(--position);text-decoration:none;white-space:pre;width:14.73pt"><span style="background-color:inherit"> to </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.4pt;position:var(--position);text-decoration:none;white-space:pre;width:46.55pt"><span style="background-color:inherit">nine years</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.95pt;position:var(--position);text-decoration:none;white-space:pre;width:77.94pt"><span style="background-color:inherit"> on a straight-line</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:33.34pt"><span style="background-color:inherit">method</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.34pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.11pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt"><span style="background-color:inherit"> Intangible assets are reviewed for impairment whenever events or changes in circumstances such as,</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt"><span style="background-color:inherit">but not limited to, significant declines in revenue, earnings or cash flows or material adverse changes in the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:438.29pt"><span style="background-color:inherit">financial and economic environment indicate that the carrying amount of an asset may be impaired.</span></span></div> 2 P9Y <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Leases </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">The Company leases space under noncancellable operating leases for offices and data centers. Office leases</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">typically include rent free periods and rent escalation periods, and may also include leasehold improvement</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">incentives. Leases for data centers may also include rent free periods and rent escalation periods. Both office and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">data center leases may contain both lease components (rent) and non-lease components (maintenance, electrical</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:387.02pt">costs, and other service charges). Non-lease components are accounted for separately.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:125.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">Leases typically contain options to renew, and/or early terminate the lease. Options have been included in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:137.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">lease term if management has determined it is reasonably certain that they will be exercised, at lease</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:73.89pt">commencement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:167.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">Operating lease liabilities are recognized based on the present value of the future minimum lease payments over</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:179.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">the lease term at commencement date. As most of the leases do not provide an implicit rate, the Company uses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:191.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">its incremental borrowing rate at lease commencement to determine the present value of future payments. It is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">then adjusted in consideration of the currency of the lease and the lease term as of the lease commencement</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt">date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Lease expense is recognized for minimum lease payments on a straight-line basis over the lease term. Variable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:339.47pt">costs include changes in indexation and are expensed in the period incurred.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:110.52pt">Accounts Receivable</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:99.19pt">The Company carries</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.19pt;position:var(--position);text-decoration:none;white-space:pre;width:14.58pt"> its</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:390.16pt"> accounts receivable at original invoiced amount less an allowance for any potential</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">uncollectible amounts. Receivables are presented on a gross basis and are not netted against the payments we</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:248.87pt">are required to make to advertising inventory publishers.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:64.02pt">The Company</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.02pt;position:var(--position);text-decoration:none;white-space:pre;width:263.75pt"> applies ASC 326, Financial Instruments — Credit Losses</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">,</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.54pt;position:var(--position);text-decoration:none;white-space:pre;width:173.42pt"> which requires the measurement and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">recognition of expected credit losses for financial assets held at amortized cost that an entity does not expect to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">collect over the asset's contractual life, considering past events, current conditions, and reasonable and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:231.09pt">supportable forecasts of future economic conditions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">For accounts receivable measured at amortized cost, the Company uses aging analysis, and probability of default</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:53.21pt">methods to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.21000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:98.78pt">evaluate and estimate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.99pt;position:var(--position);text-decoration:none;white-space:pre;width:351.96pt"> the expected credit losses. A receivable is considered past due if we have not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:130.57pt">received payments based on </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.57pt;position:var(--position);text-decoration:none;white-space:pre;width:56.7pt">agreed-upon</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.27pt;position:var(--position);text-decoration:none;white-space:pre;width:30.53pt"> terms.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:432.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">Allowances for credit losses on trade receivables are recorded in “Sales and operations expenses” in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Consolidated Statements of Income. The Company generally does not require any security or collateral to support</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:66.1pt">its receivables.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.08pt">Derivative financial instruments</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:220.08pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The Company buys and sells derivative financial instruments in order to manage and reduce exposure to the risk</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">of exchange rate fluctuations. The Company only deals with major financial institutions. Financial instruments may</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:530.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">only be classified as hedges when we can demonstrate and document the effectiveness of the hedging</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">relationship at inception and throughout the life of the hedge. Generally, derivatives are not designated as hedging</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:554.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:300.72pt">instruments and mainly consist of forward buying contracts that are </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.72pt;position:var(--position);text-decoration:none;white-space:pre;width:24.64pt">used </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.36pt;position:var(--position);text-decoration:none;white-space:pre;width:178.55pt">to hedge intercompany transactions and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:469.2pt">other monetary assets or liabilities denominated in currencies other than the local currency of a subsidiary.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:523.2pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:584.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:390.2pt">The Company recognizes gains and losses on these contracts, as well as the related </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.2pt;position:var(--position);text-decoration:none;white-space:pre;width:26.1pt">costs,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.3pt;position:var(--position);text-decoration:none;white-space:pre;width:87.66pt"> in financial income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:596.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:441.85pt">(expense), net, along with the foreign currency gains and losses on monetary assets and liabilities. </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:495.85pt;position:var(--position);text-decoration:none;white-space:pre;width:62.14pt">This results in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:608.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:481.56pt">the cash flows from derivative instruments to be classified in the same category as the underlying cash flows.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.56pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">Derivative instruments are considered level 2 financial instruments as they are measured using valuation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:202.24pt">techniques based on observable market data.</span></div> <span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Fair value measurements</span></span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Fair value is defined as the market price that would be received from selling an asset or paid to transfer a liability</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">in an orderly transaction between market participants at the measurement date. To determine the fair value</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">measurements for assets and liabilities which are required to be recorded at fair value, observable inputs are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:723.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">given preference over unobservable inputs. Fair value measurements are based on the following hierarchy, which</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:735.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:284.94pt">prioritizes the inputs used to measure fair value into three levels:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:447.71pt">Level 1: fair value calculated using quoted prices in an active market for identical assets and liabilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:58.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Level 2: fair value calculated using valuation techniques based on observable market data such as prices</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:70.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:316.6pt">of similar assets and liabilities or parameters quoted in an active market</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Level 3: fair value calculated using valuation techniques based wholly or partially on unobservable inputs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:404.95pt">such as prices in an active market or a valuation based on multiples for unlisted companies.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Cas</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:74.16pt;position:var(--position);text-decoration:none;white-space:pre">h, Cash Equivalents and Investment Securities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:149.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.49pt">Cash and cash equivalents include cash </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.49pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">on</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.61pt;position:var(--position);text-decoration:none;white-space:pre;width:147.8pt"> hand, demand deposits, money </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.41pt;position:var(--position);text-decoration:none;white-space:pre;width:30.55pt">market</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.96pt;position:var(--position);text-decoration:none;white-space:pre;width:130.02pt"> funds and other highly liquid</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:161.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.83pt">investments with a remaining maturity at the date of purchase of three months or less, or with a maturity of more</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:173.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">than three months that can be early withdrawn without significant penalty or foregoing of interest, for which the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:185.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:248.86pt">risk of changes in value is considered to be insignificant.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:168.95pt">We hold investments in marketable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.95pt;position:var(--position);text-decoration:none;white-space:pre;width:6.17pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.12pt;position:var(--position);text-decoration:none;white-space:pre;width:328.88pt">securities, including term deposits with banks, not meeting the cash</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">equivalents definition. We classify marketable securities as either available-for-sale or held-to-maturity</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:435.29pt">investments, depending on whether we have the positive intent and ability to hold them to maturity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.29pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:242.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Our available-for-sale marketable investments are carried at estimated fair value with any unrealized gains and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:254.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:432.24pt">losses, net of taxes, included in accumulated other comprehensive income in stockholders' equity.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:272.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Our held-to-maturity marketable investments are carried at amortized cost, and are subject to impairment</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:284.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:473.81pt">assessments. Interest income generated from held-to-maturity investments is recorded as financial income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:302.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">We also invest in nonmarketable securities, consisting mainly of private equity investments, which are classified</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:314.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:189.34pt">as equity investments and reported within </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.34pt;position:var(--position);text-decoration:none;white-space:pre;width:148pt">Other noncurrent financial assets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.34pt;position:var(--position);text-decoration:none;white-space:pre;width:166.64pt">. Equity investments without a readily</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:326.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">determinable fair value that do not qualify for the practical expedient to estimate fair value based on net asset</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:338.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:193.85pt">value are recorded at cost, less impairment.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:148.95pt">Concentration of Credit Risk</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">primarily of cash, cash equivalents, marketable securities and accounts receivable. The Company’s cash, cash</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">equivalents and marketable securities are held and foreign exchange contracts are transacted with major financial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">institutions that the Company's management has assessed to be of high credit quality. The Company has not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.46pt">experienced any losses in such accounts.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">The Company mitigates its credit risk with respect to accounts receivable by performing credit evaluations and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.78pt">monitoring ag</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.78pt;position:var(--position);text-decoration:none;white-space:pre;width:352.13pt"><span style="background-color:inherit">encies' and advertisers' accounts receivable balances. During the years ended </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.91pt;position:var(--position);text-decoration:none;white-space:pre;width:88.23pt"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:555.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">,</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.9pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt"><span style="background-color:inherit">2024</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.24pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt"><span style="background-color:inherit">2023</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.7pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt"><span style="background-color:inherit">, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.24pt;position:var(--position);text-decoration:none;white-space:pre;width:158.34pt"><span style="background-color:inherit">no individual customer represented </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.58000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:107.22pt"><span style="background-color:inherit">10% or more of revenue</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">.</span></span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Employee Benefits </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Depending on the laws and practices of the countries in which we operate, employees may be entitled to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:179.63pt">compensation when they retire or to a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.63pt;position:var(--position);text-decoration:none;white-space:pre;width:32.79pt">defined</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:34.15pt"> benefit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.57pt;position:var(--position);text-decoration:none;white-space:pre;width:4.15pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.72pt;position:var(--position);text-decoration:none;white-space:pre;width:253.24pt">following their retirement. For state-managed plans and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">other defined contribution plans, we recognize them as expenses when they become payable, our commitment</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:146.64pt">being limited to our contributions.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.64pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:439.35pt">The liability with respect to defined benefit plans is estimated using the following main assumptions:</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:59.99pt">discount rate;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:103.32pt">future salary increases;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:105.01pt">employee turnover; and</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.97pt">mortality tables.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:329.39pt">Service costs are recognized in profit or loss and are allocated by function.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:383.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Actuarial gains and losses are recognized in other comprehensive income and subsequently amortized into the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">income statement over a specified period, which is generally the expected average remaining service period of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">the employees participating in the plan. Actuarial gains and losses arise as a result of changes in actuarial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">assumptions or experience adjustments (differences between the previous actuarial assumptions and what has</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:81.66pt">actually occurred).</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:75.69pt">Contingencies</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">We are involved in legal proceedings, claims, and regulatory, tax or government inquiries and investigations that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">arise in the ordinary course of business. Certain of these matters might include speculative claims for substantial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">or indeterminate amounts of damages. With respect to these matters, asserted and unasserted, we evaluate the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">associated developments on a regular basis and accrue a liability when we believe that it is both probable that a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">loss has been incurred and the amount can be reasonably estimated. If we determine there is a reasonable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.83pt">possibility that we may incur a loss and the loss or range of loss can be reasonably estimated, we disclose the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">possible loss in the accompanying notes to the consolidated financial statements to the extent material. We</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">review the developments in our contingencies that could affect the amount of the provisions that have been</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:155.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:384.45pt">previously recorded, and the matters and related reasonably possible losses disclosed.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Revenue </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:102.85pt;position:var(--position);text-decoration:none;white-space:pre">Recognition</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:166.32pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">We sell personalized digital display advertisements featuring product-level recommendations either directly to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">clients or to advertising agencies. We also provide technology to retailers and other companies in the ad-tech</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">industry which enables them to monetize on their advertising properties, or connect them to other players in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:73.14pt">ad-tech industry.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Revenue is recognized when control of the promised services is transferred to our clients, in an amount that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">reflects the consideration we expect to be entitled to in exchange for those services. Variable consideration is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">included in the transaction price only to the extent that it is probable that a significant reversal of cumulative</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:150.56pt">revenue recognized will not occur.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:296.46pt"> We determine revenue recognition by applying the following steps:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:258.22pt">Identification of the contract, or contracts, with a customer;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:261.61pt">Identification of the performance obligations in the contract;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:168.85pt">Determination of the transaction price;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:352.7pt">Allocation of the transaction price to the performance obligations in the contract;</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:327.18pt">Recognition of revenue when, or as, we satisfy a performance obligations.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:428.33pt">Our pricing models include click- and impression-based pricing, and percentage of spend pricing.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:200.38pt">Click and impression based pricing model</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">For campaigns priced on a click or an impression basis, we bill our customers when a user clicks on an</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">advertisement or an advertisement is displayed to a user. For these pricing models, we recognize revenue at a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">point in time when a user clicks on an advertisement or an advertisement is displayed, as our performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:269.38pt">obligation is the delivery of clicks or displays to the customer.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:522.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.52pt">Percentage of spend pricing model</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">For campaigns priced on a percentage of working media spend basis, we bill our customers when customers buy</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">and sell digital advertising inventory through our platform. For these pricing models, we recognize revenue at a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">point in time when the transactions occur through our platform, as our performance obligation is to provide access</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:313.63pt">to our platform to allow customers to buy and sell advertising inventory.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.63pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">We also provide professional services to our customers, such as campaign management and billing and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:606.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">administrative services. Revenue for professional services is recognized over time as customers simultaneously</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:319.96pt">receive and consume the benefits of the services as they are performed.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Principal versus Agent Considerations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">The determination of whether we are acting as principal or agent requires judgment. We assess whether we act</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">as principal or agent based on whether we control the specified services or advertising inventory before it is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">transferred to the customer. In making this determination, we consider factors such as our level of control,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">responsibility for fulfillment, and discretion in establishing prices. When we determine that we act as principal, we</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">recognize revenue and related costs incurred on a gross basis. When we act as an agent, we recognize revenue</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:720.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:64.99pt">on a net basis.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">In our Performance Media segment, we may act as principal or agent depending on the nature of the contract. In</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:51.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:229.95pt">our Retail Media segment we act primarily as agent.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:74.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:111.06pt">Rebates and Incentives</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:92.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">Criteo offers rebates and incentives to certain customers that could be either fixed or variable. Fixed incentives</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:104.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">may represent payments to a customer directly related to entering into an agreement, which are capitalized and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:116.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:325.5pt">amortized over the expected life of the agreement on a straight-line basis.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:134.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">Variable incentives are calculated based on the expected amount to be provided to customers and recognized as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:102.22pt">a reduction of revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:170.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:146.01pt">Contract Assets and Liabilities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">Contract assets are recognized when we do not yet have unconditional rights to payment. Contract liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">recognized when there is an obligation to transfer services to a customer. Contract assets and liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">presented on a net basis at the contract level. Contract assets and contract liabilities are not material to our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:459.43pt">consolidated financial statements, and changes in these balances during the period were not significant.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:248.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:97.73pt">Practical Expedients</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:266.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:169.4pt">right to invoice for services performed.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Our contracts do not include a significant financing component, as payments are less than one year, typically</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">between 0 and 90 days. We expense sales commissions as incurred as the amortization period would have been</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">one year or less. These costs are recorded within Sales and operating expenses within the Consolidated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:99.96pt">Statements of Income.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:374.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">C</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:61.94pt;position:var(--position);text-decoration:none;white-space:pre">ost of Revenue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:389.73pt">Our cost of revenue primarily includes traffic acquisition costs and other cost of revenue.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.73pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:115.09pt">Traffic acquisition costs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.09pt;position:var(--position);text-decoration:none;white-space:pre;width:388.87pt"> consist primarily of purchases of impressions from publishers on a CPM basis, incurred</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">to generate our revenues, primarily for the Performance Media segment. We purchase impressions directly from</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">publishers or third-party intermediaries, such as advertisement exchanges. We recognize cost of revenue on a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">publisher by publisher basis as incurred. Costs owed to publishers but not yet paid are recorded in our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:288.29pt">Consolidated Statements of Financial Position as trade payables.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.29pt;position:var(--position);text-decoration:none;white-space:pre;width:8.31pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:113.99pt">Other Cost of Revenue </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.99pt;position:var(--position);text-decoration:none;white-space:pre;width:389.97pt">includes expenses related to depreciation of data center equipment, lease cost of data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">centers, cost of data purchased from third parties, digital taxes, and third-party hosting fees. The Company does</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">not build or operate its own data centers and none of its Research and Development employments are dedicated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">to revenue generating activities. As a result, we do not include the costs of such personnel in other cost of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:38.9pt">revenue.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:106.24pt">Operating Expenses</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">The Company categorizes its operating expenses into three functional categories: research and development,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:282.8pt">sales and operations, and general and administrative expenses.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:191.4pt">Research and development expenses </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.4pt;position:var(--position);text-decoration:none;white-space:pre;width:312.57pt">consist primarily of headcount-related expenses for our employees</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">working in the engine, platform, infrastructure, engineering , product, analytics and other teams, including salaries,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">bonuses, share-based compensation and other personnel related costs. Also included are non-personnel costs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:658.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">such as subcontracting, consulting and professional fees to third-party development resources, allocated</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:670.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">corporate overhead, and depreciation and amortization costs. These expenses are partially offset by the French</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:682.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">research tax credit (CIR). The CIR offsets the income tax to be paid and the remaining portion (if any) can be</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:694.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">refunded at the end of a three-fiscal year period. The CIR is calculated based on eligible R&amp;D expenditures. As of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:706.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:89.59pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.59pt;position:var(--position);text-decoration:none;white-space:pre;width:6.44pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.03pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:26.79pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.06pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.3pt;position:var(--position);text-decoration:none;white-space:pre;width:66.02pt">, we recorded </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.32pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$6.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.77pt;position:var(--position);text-decoration:none;white-space:pre;width:6.44pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.21pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$7.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.66pt;position:var(--position);text-decoration:none;white-space:pre;width:26.79pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.45pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$9.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.9pt;position:var(--position);text-decoration:none;white-space:pre;width:82.99pt"> of CIR tax credits</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:107.79pt">against these expenses.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:40.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:151.15pt">Sales and operations expenses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.15pt;position:var(--position);text-decoration:none;white-space:pre;width:352.78pt"> consist primarily of headcount-related expenses for our employees working in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:52.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">our sales, business development, marketing, creative services and other teams, including salaries, bonuses,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:64.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">share-based compensation, and other personnel-related costs. Additional expenses in this category include</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:76.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">provisions for doubtful accounts, consulting and professional fees paid to third parties, and allocated corporate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:88.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">overhead.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:112.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:184.96pt">General and administrative expenses</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.96pt;position:var(--position);text-decoration:none;white-space:pre;width:318.96pt"> consist primarily of headcount-related expenses, including salaries,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:124.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">bonuses, share-based compensation, pension benefits and other personnel-related costs for our administrative,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:136.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">legal, information technology, human resources, facilities and finance teams. Additional expenses included in this</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:148.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:504pt">category include professional fees, audit fees, tax services and legal fees, as well as insurance and other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:160.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:346.46pt">corporate expenses, along with allocated overhead, including internal IT costs.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:190.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:204.52pt">Advertising and Promotional Expenses</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:258.52pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:419.57pt">Advertising costs are expensed when incurred and are included in sales and operations</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.57pt;position:var(--position);text-decoration:none;white-space:pre;width:43.31pt"> expense</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.88pt;position:var(--position);text-decoration:none;white-space:pre;width:41.03pt">s on the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:359.22pt">consolidated statements of income. We incurred advertising expenses of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:413.22pt;position:var(--position);text-decoration:none;white-space:pre;width:54.5pt">$4.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.72pt;position:var(--position);text-decoration:none;white-space:pre;width:9.49pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.21pt;position:var(--position);text-decoration:none;white-space:pre;width:54.5pt">$1.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.71pt;position:var(--position);text-decoration:none;white-space:pre;width:26.17pt">, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$1.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.55pt;position:var(--position);text-decoration:none;white-space:pre;width:91.65pt"> for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.2pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.99pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.53pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.77pt;position:var(--position);text-decoration:none;white-space:pre;width:24.99pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.76pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:359pt;position:var(--position);text-decoration:none;white-space:pre;width:60.35pt">, respectively.</span> 6600000 7200000 9500000 4400000 1900000 1700000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Share-Based Compensation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.54pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">Share-based compensation expense consists of the company's restricted stock units (RSUs), and performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">stock units (PSUs) expense and Lock-Up Shares "LUS" expense. RSUs and PSUs granted to employees are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">measured based on the grant-date fair value. The PSUs expense is updated to reflect the Company’s expectation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">of the likelihood of meeting the performance conditions of the granted instrument. In general, our RSUs and PSUs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:116.72pt">vest over a service period</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.72pt;position:var(--position);text-decoration:none;white-space:pre;width:15.29pt"> of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.01pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt"><span style="-sec-ix-hidden:f-665">three</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.79pt;position:var(--position);text-decoration:none;white-space:pre;width:15.29pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.08pt;position:var(--position);text-decoration:none;white-space:pre;width:45.15pt">four years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.23pt;position:var(--position);text-decoration:none;white-space:pre;width:288.72pt">. LUS were issued to the Iponweb seller as partial consideration</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:361.17pt">for the Iponweb Acquisition. Share-based compensation expense is generally </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.17pt;position:var(--position);text-decoration:none;white-space:pre;width:142.72pt">recognized based on a graded</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:200.49pt">vesting basis over the requisite service perio</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.49pt;position:var(--position);text-decoration:none;white-space:pre;width:303.37pt">d for each separately vesting tranche. We account for forfeitures as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:48.33pt">they occur.</span> P4Y <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:199.63pt">Financial and Other Income (Expense)</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:416.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">Financial and other income (expense) consists of investment gains and losses, foreign currency exchange</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:428.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:209.26pt">differences, and interest income and expenses.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:72.67pt">Income Taxes</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:126.67pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">recognized for all temporary differences between the financial reporting and tax bases of assets and liabilities,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">and for tax losses. Differences are defined as temporary when they are expected to reverse within a foreseeable</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">future. Deferred tax assets are recognized to the extent that management determines it is more likely than not that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:209.56pt">such assets will be realized. In assessing realiz</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.56pt;position:var(--position);text-decoration:none;white-space:pre;width:294.4pt"><span style="background-color:inherit">ability, management considers all available evidence, both positive</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.3pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:183.82pt"><span style="background-color:inherit">and negative, including historical and </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.82pt;position:var(--position);text-decoration:none;white-space:pre;width:149.73pt"><span style="background-color:inherit">projected future taxable income</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:387.55pt;position:var(--position);text-decoration:none;white-space:pre;width:56.84pt"><span style="background-color:inherit">, the revers</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.39pt;position:var(--position);text-decoration:none;white-space:pre;width:113.6pt">al of existing temporary</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">differences, and available tax planning strategies. A valuation allowance is established for deferred tax assets that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">are not expected to be realized, and adjustments to the valuation allowance are recorded in income tax expense</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">in the period such determinations are made. Tax assets and liabilities are not discounted. Amounts recognized in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">the Consolidated Financial Statements are calculated at the level of each tax-paying entity included in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">consolidation scope. The effect of changes in tax laws or tax rates on deferred income tax assets and liabilities is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">recognized in the period in which such changes are enacted. Deferred tax assets and liabilities are measured</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:424.22pt">using enacted tax rates expected to apply in the periods in which temporary differences reverse.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:84pt">Certain tax credits,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:138pt;position:var(--position);text-decoration:none;white-space:pre;width:213.77pt"> including research and development tax credits</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.77pt;position:var(--position);text-decoration:none;white-space:pre;width:206.11pt">, are accounted for as a component of income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:251.46pt">tax expense in accordance with ASC 740, Income Taxes.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:125.15pt">Uncertain Tax Positions</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:59.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">We record uncertain tax positions in accordance with ASC 740, which requires a two-step process in which</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.88pt">determinations are made (i) whether it is more likely than not that the tax positions will be sustained on the basis</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">of the technical merits of the position and (ii) for those tax positions that meet the more-likely-than-not recognition</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">threshold, we recognize the largest amount of tax benefit that is more than 50% likely to be realized upon ultimate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">settlement with a tax authority. We recognize interest and penalties related to unrecognized tax benefits within the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">income tax expense line in our consolidated statement of operations. Accrued interest and penalties are included</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:278.29pt">within the related tax liability in the consolidated balance sheet.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:101.37pt">Earnings Per Share</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">Basic earnings per share (“Basic EPS”) is calculated by dividing the net income attributable to shareholders of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.96pt">Parent Company, Criteo S.A., by the weighted average number of shares outstanding during the period. Diluted</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">earnings per share ("Diluted EPS") is calculated by dividing the net income attributable to shareholders of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.87pt">Parent company, Criteo S.A., by the weighted average number of shares outstanding, including the dilutive effect</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:397.2pt">of share-based awards as determined under the treasury stock method, during the period.</span> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Reclassifications</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:278.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">In 2024, the Company changed the presentation of value-added tax ("VAT") receivables and payables within</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.85pt">Other taxes in the Consolidated Statement of Financial Position from a gross to a net presentation. For the fiscal</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:347.2pt">year ended December 31, 2023, this change resulted in a reclassification of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.2pt;position:var(--position);text-decoration:none;white-space:pre;width:56.99pt">$40.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.19pt;position:var(--position);text-decoration:none;white-space:pre;width:99.67pt"> between Other Taxes</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:172.04pt">Receivables and Other Taxes Payable.</span> -40400000 40400000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:96.45pt">Recently Adopted </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:150.45pt;position:var(--position);text-decoration:none;white-space:pre;width:153.22pt">Accounting Pronouncements</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:303.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">In November 2023, the Financial Accounting Standards Board (FASB) Issued Accounting Standards Update</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">("ASU") 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. The ASU</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.98pt">requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:494.13pt">to the CODM. The adoption of this ASU did not have a material impact on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.95pt">In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which improves the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.9pt">transparency of income tax disclosures. The standard requires disaggregated information about a reporting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:377.92pt">entity's effective tax rate reconciliation as well as information on income taxes paid. T</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.92pt;position:var(--position);text-decoration:none;white-space:pre;width:125.97pt">he adoption of this ASU was</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.93pt">applied on a prospective basis and did not have a material impact on our consolidated financial statements. See</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:35pt">Note 17</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:89pt;position:var(--position);text-decoration:none;white-space:pre;width:159.22pt"> Income Taxes for more information.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.3pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:60.42pt">Accounting</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:114.42pt;position:var(--position);text-decoration:none;white-space:pre;width:181.91pt"> Pronouncements Not Yet Adopted</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:296.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">Expense Disaggregation Disclosures, which requires disaggregated disclosure of income statement expenses.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.94pt">This standard is effective for annual periods beginning after December 15, 2026, with early adoption permitted.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.86pt">We do not expect the adoption of this standard to have a material impact on our consolidated financial</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:51.65pt">statements.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.65pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.89pt">In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">which simplifies the capitalization guidance by removing the references to project stages, among other changes.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:622.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.99pt">The new standard is effective for annual periods beginning after December 15, 2027. We are currently evaluating</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:369.94pt">the impact of the adoption of this standard on our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:176.51pt">In December 2025, the FASB issued </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.51pt;position:var(--position);text-decoration:none;white-space:pre;width:20.54pt">ASU</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.05pt;position:var(--position);text-decoration:none;white-space:pre;width:306.93pt"> 2025-10, Government Grants, Accounting for Government Grants</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:664.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">received by Business Entities, which establishes guidance for business entities on how to recognize, measure,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.97pt">present and disclose government grants received. The new standard is effective for annual periods beginning</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:503.92pt">after December 15, 2028. We are currently evaluating the impact of the adoption of this standard on our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:557.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:149.99pt">consolidated financial statements.</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">2. Restructuring and Other Exit Costs</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:103.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.86pt">From time to time, the Company may initiate restructuring actions designed to improve operational efficiency, optimize its</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:115.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.86pt">cost structure, and better align its workforce and operations with business needs and strategic priorities. These actions</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:127.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.9pt">may include workforce reductions and other organizational realignments intended to support the Company’s long-term</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:139.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">objectives. The Company records employee severance and other termination costs that meet the requirements for</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:151.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">recognition in accordance with the relevant guidance of ASC 420, Exit or Disposal Cost Obligations, or ASC 712,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:163.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:321.63pt">Compensation – Nonretirement Postemployment Benefits, as applicable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:81.08pt">A summary of our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.08pt;position:var(--position);text-decoration:none;white-space:pre;width:126.07pt">Restructuring and Other Exit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.15pt;position:var(--position);text-decoration:none;white-space:pre;width:166.05pt"> costs activity is presented as follows:</span></div><div style="font-size:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:574.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:0pt;left:36pt;position:var(--position);width:538.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:430.5pt"></td><td style="padding:0;width:108pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:21.75pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:6pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.43pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring liability as of December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:39.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:79.05pt"></span></span><span style="left:87.24pt;position:var(--position)">313<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring charge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:54.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:76.28pt"></span></span><span style="left:78.91pt;position:var(--position)">3,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Amounts paid </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:69pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:81.28pt"></span></span><span style="left:83.91pt;position:var(--position)">(313)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring liability as of December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:83.25pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:70.72pt"></span></span><span style="left:78.91pt;position:var(--position)">3,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:325.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.98pt">During the year ended December 31, 2025, the Company implemented a cost-reduction plan designed to improve</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:337.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:476.87pt">operating efficiency and align its cost structure with revenue levels. The Company incurred approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.87pt;position:var(--position);text-decoration:none;white-space:pre;width:51.23pt">$3.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.1pt;position:var(--position);text-decoration:none;white-space:pre;width:11.78pt"> of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:349.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:337.14pt">restructuring costs during 2025 related to this plan, primarily reflected within </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.14pt;position:var(--position);text-decoration:none;white-space:pre;width:27.77pt">Sales </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.91pt;position:var(--position);text-decoration:none;white-space:pre;width:16.68pt">and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.59pt;position:var(--position);text-decoration:none;white-space:pre;width:92.23pt"> Operations expense</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:373.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.88pt">For the year ended December 31, 2024, we implemented several measures to pursue greater efficiency, including</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:385.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:318.95pt">planned layoffs to further reduce our company size by approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.95pt;position:var(--position);text-decoration:none;white-space:pre;width:16.68pt">100</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.63pt;position:var(--position);text-decoration:none;white-space:pre;width:204.23pt"> employees ("2024 Restructuring Plan"). The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:397.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:185.22pt">Company incurred restructuring costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.22pt;position:var(--position);text-decoration:none;white-space:pre;width:51.6pt">$8.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.82pt;position:var(--position);text-decoration:none;white-space:pre;width:229.91pt"> for the year ended December 31, 2024, of which </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.73pt;position:var(--position);text-decoration:none;white-space:pre;width:51.6pt">$1.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:554.33pt;position:var(--position);text-decoration:none;white-space:pre;width:21.6pt"> was</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:409.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:54.02pt">included in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:174.67pt"><span style="-sec-ix-hidden:f-685">Research and Development expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.69pt;position:var(--position);text-decoration:none;white-space:pre;width:7.27pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.96000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:52.28pt">$1.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.24pt;position:var(--position);text-decoration:none;white-space:pre;width:80.8pt"> was included in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.04pt;position:var(--position);text-decoration:none;white-space:pre;width:146.87pt"><span style="-sec-ix-hidden:f-687">Sales and Operations expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:551.91pt;position:var(--position);text-decoration:none;white-space:pre;width:23.95pt">, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:421.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$5.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.55pt;position:var(--position);text-decoration:none;white-space:pre;width:73.88pt"> was included in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.43pt;position:var(--position);text-decoration:none;white-space:pre;width:165.56pt"><span style="-sec-ix-hidden:f-689">General and Administrative expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:523.3pt">For the year ended December 31, 2023, we announced planned layoffs to reduce our company size by approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:559.3pt;position:var(--position);text-decoration:none;white-space:pre;width:16.68pt">250</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:457.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">employees across the Retail Media and Performance Media segments ("2023 Restructuring Plan"). The Company</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:469.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:136.17pt">incurred restructuring costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.17pt;position:var(--position);text-decoration:none;white-space:pre;width:56.55pt">$23.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.72pt;position:var(--position);text-decoration:none;white-space:pre;width:223.81pt"> for the year ended December 31, 2023, of which </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.53pt;position:var(--position);text-decoration:none;white-space:pre;width:50.99pt">$3.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:503.52pt;position:var(--position);text-decoration:none;white-space:pre;width:72.43pt"> was included in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:173.02pt"><span style="-sec-ix-hidden:f-693">Research and Development expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.02pt;position:var(--position);text-decoration:none;white-space:pre;width:6.72pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.74pt;position:var(--position);text-decoration:none;white-space:pre;width:57.29pt">$13.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.03pt;position:var(--position);text-decoration:none;white-space:pre;width:78.6pt"> was included in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.63pt;position:var(--position);text-decoration:none;white-space:pre;width:145.22pt"><span style="-sec-ix-hidden:f-695">Sales and Operations expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.85pt;position:var(--position);text-decoration:none;white-space:pre;width:27.35pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.2pt;position:var(--position);text-decoration:none;white-space:pre;width:51.73pt">$5.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.42pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:71.11pt">was included in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.11pt;position:var(--position);text-decoration:none;white-space:pre;width:165.56pt"><span style="-sec-ix-hidden:f-697">General and Administrative expenses</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:81.08pt">A summary of our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:117.08pt;position:var(--position);text-decoration:none;white-space:pre;width:126.07pt">Restructuring and Other Exit</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.15pt;position:var(--position);text-decoration:none;white-space:pre;width:166.05pt"> costs activity is presented as follows:</span><div style="font-size:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:574.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:0pt;left:36pt;position:var(--position);width:538.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:430.5pt"></td><td style="padding:0;width:108pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:21.75pt;width:108pt"><div><div style="line-height:8pt;position:var(--position);top:6pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.43pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring liability as of December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:39.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:79.05pt"></span></span><span style="left:87.24pt;position:var(--position)">313<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring charge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:54.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:76.28pt"></span></span><span style="left:78.91pt;position:var(--position)">3,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Amounts paid </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:69pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:81.28pt"></span></span><span style="left:83.91pt;position:var(--position)">(313)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:430.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:430.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restructuring liability as of December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:430.5pt;position:var(--position);top:83.25pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:108pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:70.72pt"></span></span><span style="left:78.91pt;position:var(--position)">3,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 313000 3043000 313000 3043000 3000000.0 100 8500000 1900000 1600000 5000000.0 250 23000000.0 3500000 13900000 5600000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">3. Segment information</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.95pt">The Company reports segment information based on the management approach. The management approach designates</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:578.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.9pt">the internal reporting used by management for making decisions and assessing performance as the source of the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">Company's reportable segments. Beginning in the first quarter of 2024, the Company reports its results of operations</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:94.99pt">through the following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.99pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.54000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:219.41pt"> segments: Retail Media and Performance Media.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">–</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:503.91pt">Retail Media: This segment encompasses revenue generated from brands, agencies and retailers for the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:402.77pt">purchase and sale of retail media digital advertising inventory and audiences, and services.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.77pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">–</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:465.91pt">Performance Media: This segment encompass our targeting capabilities and supply and AdTech services.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.9pt">The Company's chief operating decision maker ("CODM"), our Chief Executive Office ("CEO"), allocates resources to and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:698.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.9pt">assesses the performance of each operating segment using information about Contribution ex-TAC, which is Criteo's</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:710.62pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:379.92pt">segment profitability measure and reflects our gross profit plus other costs of revenue.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.96pt">The CODM only reviews revenues and corresponding TAC for each segment, and is not regularly provided any other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:181.09pt">expense nor financial information for our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.09pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.64pt;position:var(--position);text-decoration:none;white-space:pre;width:48.88pt"> segments.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:258.32pt">The following table shows revenue by reportable segment:</span></div><div style="position:var(--position);top:132pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">263,872<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">258,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">209,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,681,029<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,674,986<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,740,438<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,944,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,933,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,949,445<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:230pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:241.25pt">The following table shows TAC by reportable segment:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:254pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,188<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,457<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">5,547<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">766,096<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">807,349<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">921,292<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Traffic Acquisition Cost</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">770,284<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">811,806<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">926,839<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:172.19pt">Consolidated Statements of Operation:</span></div><div style="position:var(--position);top:388pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Contribution ex-TAC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">259,684<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">253,846<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">203,460<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">914,933<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">867,637<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">819,146<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,174,617<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,121,483<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,022,606<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other costs of revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">125,237<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">138,512<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">159,562<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,049,380<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">982,971<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">863,044<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">283,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">279,341<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">242,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:180.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales and operations expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">394,370<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">376,090<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">406,012<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:195pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">168,942<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">176,138<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">137,525<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total operating expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">846,615<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">831,569<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">785,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income from operations</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">202,765<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">151,402<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:27.599999999999998pt;position:var(--position)">77,218<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Financial and other income (expense)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.53pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">3,095<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.2pt"></span></span><span style="left:29.83pt;position:var(--position)">(2,490)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:266.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before tax</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">203,574<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">154,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:27.599999999999998pt;position:var(--position)">74,728<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:55.92pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">20. Breakdown of Revenue and Noncurrent Assets</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.73pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.43pt">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.93pt;position:var(--position);text-decoration:none;white-space:pre;width:21.67pt">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.6pt;position:var(--position);text-decoration:none;white-space:pre;width:395.69pt"> presents the Company's revenue disaggregated by major product for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.29pt;position:var(--position);text-decoration:none;white-space:pre;width:63.67pt">December 31,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.739999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:59.28pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.74pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">263,872<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">258,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">209,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Commerce Growth</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,563,093<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,556,751<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,614,905<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">117,936<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">118,235<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">125,533<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,681,029<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,674,986<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,740,438<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,944,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,933,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,949,445<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:185pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The Company operates in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.05pt;position:var(--position);text-decoration:none;white-space:pre"> geographical markets: </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.5pt;position:var(--position);width:3.5pt">•<span style="display:inline-block;height:7.28pt;width:19pt"></span></span><span style="left:81pt;position:var(--position);width:161.62pt">Americas: North and South America;</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:221pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.5pt;position:var(--position);width:3.5pt">•<span style="display:inline-block;height:7.28pt;width:19pt"></span></span><span style="left:81pt;position:var(--position);width:159.97pt">Europe, Middle-East and Africa; and</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:233pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:58.5pt;position:var(--position);width:3.5pt">•<span style="display:inline-block;height:7.28pt;width:19pt"></span></span><span style="left:81pt;position:var(--position);width:54.97pt">Asia-Pacific.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.4pt">The following table discloses our consolidated revenue for each geographical area for each of the reported periods.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:394.08pt">Revenue by geographical area is based mainly on the location of advertisers’ campaigns.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:287pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:309.43pt">Revenue generated in other significant countries where we operate is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.93pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">presented</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.39pt;position:var(--position);text-decoration:none;white-space:pre;width:96.08pt"> in the following table:</span></div><div style="position:var(--position);top:311pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Americas</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">836,670<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">892,175<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">887,247<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">753,286<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">802,609<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">803,288<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">EMEA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">728,052<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">676,455<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">672,610<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">207,600<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">202,653<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">200,145<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">88,887<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">87,770<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">100,277<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asia-Pacific</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">380,179<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">364,659<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">389,588<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">221,087<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">204,082<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">216,991<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:502.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.45pt">For each reported period, noncurrent assets (corresponding to the net book value of tangible and intangible assets) are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:484.75pt">presented in the table below. The geographical information includes results from the locations of legal entities.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.25pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="position:var(--position);top:538.75pt;width:612pt"><div style="font-size:0pt;left:33.75pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:297pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.99pt;position:var(--position);text-decoration:none;white-space:pre">Americas</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">EMEA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.28pt;position:var(--position);text-decoration:none;white-space:pre">Asia-</span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">Pacific</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.57pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:24.75pt;width:239.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:239.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:88.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:18pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:297pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:297pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">69,785<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">207,109<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">14,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">291,183<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:18pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:297pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:297pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">68,193<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">186,035<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">11,378<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">265,606<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2 2 2 2 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:258.32pt">The following table shows revenue by reportable segment:</span><div style="position:var(--position);top:132pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">263,872<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">258,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">209,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,681,029<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,674,986<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:11.08pt"></span></span><span style="left:13.71pt;position:var(--position)">1,740,438<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,944,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,933,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,949,445<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:230pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:241.25pt">The following table shows TAC by reportable segment:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:254pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,188<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,457<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">5,547<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">766,096<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">807,349<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">921,292<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Traffic Acquisition Cost</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">770,284<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">811,806<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">926,839<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.87pt">The following table shows Contribution ex-TAC by reportable segment and its reconciliation to the Company’s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:172.19pt">Consolidated Statements of Operation:</span></div><div style="position:var(--position);top:388pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:345.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:12.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:25.5pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Contribution ex-TAC</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">259,684<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">253,846<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:52.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">203,460<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">914,933<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">867,637<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:66.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">819,146<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,174,617<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,121,483<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:81pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,022,606<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other costs of revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">125,237<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">138,512<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:109.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">159,562<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gross profit</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.52pt"></span></span><span style="left:13.71pt;position:var(--position)">1,049,380<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">982,971<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">863,044<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">283,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">279,341<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:166.5pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">242,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:180.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales and operations expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">394,370<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">376,090<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:180.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">406,012<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:195pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">168,942<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">176,138<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:195pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:22.04pt;position:var(--position)">137,525<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total operating expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">846,615<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">831,569<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:209.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">785,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income from operations</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">202,765<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">151,402<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:237.75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:27.599999999999998pt;position:var(--position)">77,218<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Financial and other income (expense)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.53pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">3,095<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:252pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.2pt"></span></span><span style="left:29.83pt;position:var(--position)">(2,490)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:266.25pt;width:345.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:345.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before tax</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:345.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">203,574<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.85pt"></span></span><span style="left:22.04pt;position:var(--position)">154,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477.75pt;position:var(--position);top:266.25pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.41pt"></span></span><span style="left:27.599999999999998pt;position:var(--position)">74,728<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 263872000 258303000 209007000 1681029000 1674986000 1740438000 1944901000 1933289000 1949445000 4188000 4457000 5547000 766096000 807349000 921292000 770284000 811806000 926839000 259684000 253846000 203460000 914933000 867637000 819146000 1174617000 1121483000 1022606000 125237000 138512000 159562000 1049380000 982971000 863044000 283303000 279341000 242289000 394370000 376090000 406012000 168942000 176138000 137525000 846615000 831569000 785826000 202765000 151402000 77218000 809000 3095000 -2490000 203574000 154497000 74728000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">4. Financial instruments</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Fair value measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:97.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize our assets measured at fair value on a recurring basis and the classification by level of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:109.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">input within the fair value </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.74pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.86pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:133.2pt;width:612pt"><div style="font-size:0pt;left:38.25pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:360pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);width:172.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:172.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.88pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Cash and Cash Equivalents</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:28.5pt;width:172.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:172.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Cash</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">160,252<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">251,452<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:72pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">89,157<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:72pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">12,479<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Commercial paper</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:100.5pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">35,139<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:100.5pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">5,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">  Term deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:114.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">41,614<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:114.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">20,157<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Structured debt securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:129pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">15,876<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:129pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,455<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:143.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">342,038<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:143.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">290,693<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:319.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Investment</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:94.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> Securities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:350.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents for each reporting period, the breakdown of investment securities held at cost basis:</span></div><div style="position:var(--position);top:367.1pt;width:612pt"><div style="font-size:0pt;left:38.25pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:363pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);width:172.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:172.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.88pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:33pt;width:172.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:172.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securities Held-to-maturity</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Commercial paper</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:60.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">17,366<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:60.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">15,584<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Structured debt securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:75.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">17,625<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:75.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">26,242<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Corporate debt securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:90.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">11,750<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:90.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:105.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">46,742<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:105.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">41,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:504.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:399.75pt">The gross unrealized gains or (loss) on our investment securities were not material as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.75pt;position:var(--position);text-decoration:none;white-space:pre;width:88.73pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.48pt;position:var(--position);text-decoration:none;white-space:pre;width:9.25pt"> , </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.73pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:555.97pt;position:var(--position);text-decoration:none;white-space:pre;width:19.92pt"> and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.239999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.89pt">For our investment securities, the fair value approximates the carrying amount, given the nature of the term deposit and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:175.5pt">the maturity of the expected cash flows.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:576.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table classifies our held-to-maturity securities by contractual maturities:</span></div><div style="position:var(--position);top:600.85pt;width:612pt"><div style="font-size:0pt;left:37.87pt;position:var(--position);width:536.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:429pt"></td><td style="padding:0;width:107.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.04pt;position:var(--position);text-decoration:none;white-space:pre">Held-to-maturity</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:15pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:33pt;width:107.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Due in one year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:45.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:64.41pt"></span></span><span style="left:72.6pt;position:var(--position)">23,242<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Due in one to five years</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:60.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:69.97pt"></span></span><span style="left:72.6pt;position:var(--position)">23,500<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:75.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:64.41pt"></span></span><span style="left:72.6pt;position:var(--position)">46,742<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>Our investments in nonmarketable equity securities were not material for the year ended December 31, 2025. <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following tables summarize our assets measured at fair value on a recurring basis and the classification by level of </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:109.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">input within the fair value </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.74pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.86pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:133.2pt;width:612pt"><div style="font-size:0pt;left:38.25pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:360pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);width:172.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:172.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.88pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Cash and Cash Equivalents</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:28.5pt;width:172.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:172.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Cash</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">160,252<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">251,452<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:72pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">89,157<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:72pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">12,479<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Commercial paper</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:100.5pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">35,139<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:100.5pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">5,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">  Term deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:114.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">41,614<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:114.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">20,157<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Structured debt securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:129pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">15,876<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:129pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,455<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:360pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:360pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:143.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">342,038<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:143.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.35pt"></span></span><span style="left:44.54pt;position:var(--position)">290,693<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 160252000 251452000 89157000 12479000 35139000 5150000 41614000 20157000 15876000 1455000 342038000 290693000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents for each reporting period, the breakdown of investment securities held at cost basis:</span><div style="position:var(--position);top:367.1pt;width:612pt"><div style="font-size:0pt;left:38.25pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:363pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);width:172.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:172.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.88pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:14.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:33pt;width:172.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:172.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Securities Held-to-maturity</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Commercial paper</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:60.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">17,366<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:60.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">15,584<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Structured debt securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:75.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">17,625<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:75.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">26,242<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Corporate debt securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:90.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">11,750<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:90.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:363pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:363pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363pt;position:var(--position);top:105.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">46,742<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:105.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">41,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 17366000 15584000 17625000 26242000 11750000 0 46742000 41826000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table classifies our held-to-maturity securities by contractual maturities:</span><div style="position:var(--position);top:600.85pt;width:612pt"><div style="font-size:0pt;left:37.87pt;position:var(--position);width:536.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:429pt"></td><td style="padding:0;width:107.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.04pt;position:var(--position);text-decoration:none;white-space:pre">Held-to-maturity</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:15pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:33pt;width:107.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Due in one year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:45.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:64.41pt"></span></span><span style="left:72.6pt;position:var(--position)">23,242<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Due in one to five years</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:60.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:69.97pt"></span></span><span style="left:72.6pt;position:var(--position)">23,500<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:429pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:429pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:75.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:64.41pt"></span></span><span style="left:72.6pt;position:var(--position)">46,742<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 23242000 23500000 46742000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">5. Trade Receivables</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:97.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the breakdown in trade receivables net book value for the presented periods: </span></div><div style="position:var(--position);top:121.2pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:320.25pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:107.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:216.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:47.01pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:42.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:25.5pt;width:216.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:216.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.42pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade accounts receivables</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">607,983<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:38.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:58.85pt"></span></span><span style="left:67.03999999999999pt;position:var(--position)">829,462<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Less) Allowance for doubtful accounts</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:65.14pt"></span></span><span style="left:67.77pt;position:var(--position)">(25,881)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:53.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:66.64pt"></span></span><span style="left:69.27pt;position:var(--position)">(28,603)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">582,102<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:68.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:58.85pt"></span></span><span style="left:67.03999999999999pt;position:var(--position)">800,859<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:221.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Changes in allowance for doubtful accounts are summarized below: </span></div><div style="position:var(--position);top:245.45pt;width:612pt"><div style="font-size:0pt;left:37.12pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:321.75pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);width:216pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:216pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:46.63pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:12.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.38pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:25.5pt;width:216pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:216pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.04pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at beginning of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:38.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:31.02pt;position:var(--position)">(28,603)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:38.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(43,348)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:38.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(47,792)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provision for doubtful accounts</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:53.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.39pt"></span></span><span style="left:31.02pt;position:var(--position)">(11,524)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(12,910)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(15,709)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Write-offs, net of recoveries</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:68.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:34.35pt;position:var(--position)">15,553<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">26,695<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">21,027<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:83.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.95pt"></span></span><span style="left:36.580000000000005pt;position:var(--position)">(1,307)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:46.36pt"></span></span><span style="left:48.99pt;position:var(--position)">960<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:43.03pt"></span></span><span style="left:45.660000000000004pt;position:var(--position)">(874)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:98.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:31.02pt;position:var(--position)">(25,881)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(28,603)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(43,348)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:440.36pt">Accounts receivable balances are written-off once the receivables are no longer deemed collectible.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:114.23pt">During the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:91.57pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.8pt;position:var(--position);text-decoration:none;white-space:pre;width:7.43pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.23pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.47pt;position:var(--position);text-decoration:none;white-space:pre;width:26pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.47pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:319.71pt;position:var(--position);text-decoration:none;white-space:pre;width:76.76pt">, the Company r</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.47pt;position:var(--position);text-decoration:none;white-space:pre;width:41.13pt">ecovered</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.6pt;position:var(--position);text-decoration:none;white-space:pre;width:4.66pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.26pt;position:var(--position);text-decoration:none;white-space:pre;width:52.44pt">$4.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.7pt;position:var(--position);text-decoration:none;white-space:pre;width:7.43pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.13pt;position:var(--position);text-decoration:none;white-space:pre;width:52.44pt">$7.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:554.57pt;position:var(--position);text-decoration:none;white-space:pre;width:21.34pt"> and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$1.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.55pt;position:var(--position);text-decoration:none;white-space:pre;width:326.61pt">, previously reserved for, and accounted for this as a reversal of provision.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">During 2025, a large US retailer – that is a customer primarily in the Company's Performance Media segment –</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:446.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.98pt">experienced financial difficulty and subsequently filed for bankruptcy. As of year end 2025, the Company recorded a full</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:61.66pt">allowance for </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.66pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$5.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:120.53pt"> for the related receivables.</span> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the breakdown in trade receivables net book value for the presented periods: </span><div style="position:var(--position);top:121.2pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:320.25pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:107.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);width:216.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:216.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:47.01pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:42.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:25.5pt;width:216.75pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:216.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.42pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade accounts receivables</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">607,983<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:38.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:58.85pt"></span></span><span style="left:67.03999999999999pt;position:var(--position)">829,462<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Less) Allowance for doubtful accounts</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:65.14pt"></span></span><span style="left:67.77pt;position:var(--position)">(25,881)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:53.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:66.64pt"></span></span><span style="left:69.27pt;position:var(--position)">(28,603)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:320.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:320.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:320.25pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">582,102<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:68.25pt;width:107.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:107.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:58.85pt"></span></span><span style="left:67.03999999999999pt;position:var(--position)">800,859<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 607983000 829462000 25881000 28603000 582102000 800859000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Changes in allowance for doubtful accounts are summarized below: </span><div style="position:var(--position);top:245.45pt;width:612pt"><div style="font-size:0pt;left:37.12pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:321.75pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);width:216pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:216pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:46.63pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:12.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.38pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:25.5pt;width:216pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:216pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:77.04pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at beginning of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:38.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:31.02pt;position:var(--position)">(28,603)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:38.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(43,348)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:38.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(47,792)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provision for doubtful accounts</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:53.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.39pt"></span></span><span style="left:31.02pt;position:var(--position)">(11,524)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(12,910)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(15,709)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Write-offs, net of recoveries</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:68.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:34.35pt;position:var(--position)">15,553<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">26,695<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">21,027<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:83.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.95pt"></span></span><span style="left:36.580000000000005pt;position:var(--position)">(1,307)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:46.36pt"></span></span><span style="left:48.99pt;position:var(--position)">960<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:43.03pt"></span></span><span style="left:45.660000000000004pt;position:var(--position)">(874)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:321.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:321.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321.75pt;position:var(--position);top:98.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:31.02pt;position:var(--position)">(25,881)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:394.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(28,603)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:31.77pt;position:var(--position)">(43,348)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 28603000 43348000 47792000 11524000 12910000 15709000 15553000 26695000 21027000 1307000 -960000 874000 25881000 28603000 43348000 4500000 7600000 1400000 5900000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">6. Other Current and Noncurrent Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:523pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the components of prepaid expenses and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.33pt;position:var(--position);text-decoration:none;white-space:pre">other current assets, net, for the periods </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:535pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">presented:</span></div><div style="position:var(--position);top:559pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:322.5pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:105.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:215.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:46.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:25.5pt;width:215.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:215.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:76.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepayments to suppliers</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">39,294<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">40,579<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other current assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">13,916<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">10,308<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">53,210<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">50,887<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:659.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">Prepayments to suppliers include capitalized costs related to the implementation of cloud computing arrangements that</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.94pt">are service contracts and are amortized on a straight-line basis over the term of the associated hosting arrangements. As</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:154.71pt">of December 31, 2025 and 2024, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.71pt;position:var(--position);text-decoration:none;white-space:pre;width:149.27pt">the gross capitalized costs were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.98pt;position:var(--position);text-decoration:none;white-space:pre;width:57.08pt">$25.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.06pt;position:var(--position);text-decoration:none;white-space:pre;width:24.16pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.22pt;position:var(--position);text-decoration:none;white-space:pre;width:57.08pt">$18.7 million</span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.3pt;position:var(--position);text-decoration:none;white-space:pre;width:97.68pt"><span style="background-color:inherit">, respectively. For the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.25pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:352.89pt"><span style="background-color:inherit">years ended December 31, 2025, 2024 and 2023 amortization expense was </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.89pt;position:var(--position);text-decoration:none;white-space:pre;width:51.82pt"><span style="background-color:inherit">$9.5 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.71pt;position:var(--position);text-decoration:none;white-space:pre;width:6.81pt"><span style="background-color:inherit">, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.52pt;position:var(--position);text-decoration:none;white-space:pre;width:51.82pt"><span style="background-color:inherit">$7.6 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.34pt;position:var(--position);text-decoration:none;white-space:pre;width:24.76pt"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.1pt;position:var(--position);text-decoration:none;white-space:pre;width:51.82pt"><span style="background-color:inherit">$5.3 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.25pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:54.81pt"><span style="background-color:inherit">respectively.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:275.52pt">Other current assets include an indemnification receivable of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.52pt;position:var(--position);text-decoration:none;white-space:pre;width:3.88pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.4pt;position:var(--position);text-decoration:none;white-space:pre;width:51.66pt">$5.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.06pt;position:var(--position);text-decoration:none;white-space:pre;width:28.88pt"> relate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:395.94pt;position:var(--position);text-decoration:none;white-space:pre;width:27.21pt">d to a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.15pt;position:var(--position);text-decoration:none;white-space:pre;width:152.73pt"> legal matter, restricted cash, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:162.65pt">other non-trade receivables. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.65pt;position:var(--position);text-decoration:none;white-space:pre;width:91.97pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.62pt;position:var(--position);text-decoration:none;white-space:pre;width:26.4pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.02pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.26pt;position:var(--position);text-decoration:none;white-space:pre;width:102.21pt">, restricted cash was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.47pt;position:var(--position);text-decoration:none;white-space:pre;width:52.64pt">$0.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.11pt;position:var(--position);text-decoration:none;white-space:pre;width:26.4pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.51pt;position:var(--position);text-decoration:none;white-space:pre;width:52.64pt">$0.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:573.15pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:54.81pt">respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:136.31pt">Other noncurrent assets as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.31pt;position:var(--position);text-decoration:none;white-space:pre;width:88.55pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.86pt;position:var(--position);text-decoration:none;white-space:pre;width:22.98pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.08pt;position:var(--position);text-decoration:none;white-space:pre;width:14.63pt"> of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.71pt;position:var(--position);text-decoration:none;white-space:pre;width:56.49pt">$45.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.2pt;position:var(--position);text-decoration:none;white-space:pre;width:22.98pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.18pt;position:var(--position);text-decoration:none;white-space:pre;width:56.49pt">$61.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.67pt;position:var(--position);text-decoration:none;white-space:pre;width:119.27pt"> are primarily comprised of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:126.42pt">the indemnification asset of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:56.75pt">$37.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.17pt;position:var(--position);text-decoration:none;white-space:pre;width:23.5pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.67pt;position:var(--position);text-decoration:none;white-space:pre;width:56.75pt">$50.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.42pt;position:var(--position);text-decoration:none;white-space:pre;width:276.54pt">, respectively, recorded against certain tax liabilities related to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:107.77pt">the Iponweb Acquisition.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the components of prepaid expenses and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.33pt;position:var(--position);text-decoration:none;white-space:pre">other current assets, net, for the periods </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:535pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">presented:</span></div><div style="position:var(--position);top:559pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:322.5pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:105.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);width:215.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:215.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:46.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:12.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:25.5pt;width:215.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:215.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:76.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepayments to suppliers</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">39,294<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:38.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">40,579<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other current assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">13,916<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:53.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">10,308<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">53,210<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:432pt;position:var(--position);top:68.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:71.1pt;position:var(--position)">50,887<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 39294000 40579000 13916000 10308000 53210000 50887000 25600000 18700000 9500000 7600000 5300000 5500000 300000 300000 45700000 61200000 37200000 50000000.0 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">7. Property and Equipment, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:211.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Major classes of property and equipment were as follows:</span></div><div style="position:var(--position);top:235.2pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:322.5pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:105.75pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);width:214.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:214.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:45.88pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:15pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:15pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:30pt;width:214.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:214.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:76.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:45pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">310,362<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:45pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">282,703<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:60pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:74.03pt"></span></span><span style="left:76.66pt;position:var(--position)">6,686<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:60pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:74.03pt"></span></span><span style="left:76.66pt;position:var(--position)">5,419<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Construction in progress </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.72999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">11,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:82.36pt"></span></span><span style="left:84.99pt;position:var(--position)">876<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold improvements</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:90pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">24,492<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:90pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">20,728<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gross book value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:105pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">353,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:105pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">309,726<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Accumulated depreciation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:120pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.58pt"></span></span><span style="left:62.21pt;position:var(--position)">(214,111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:120pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.58pt"></span></span><span style="left:62.21pt;position:var(--position)">(202,504)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:135pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">139,330<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:135pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">107,222<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:402.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(1) </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:45.730000000000004pt;position:var(--position);text-decoration:none;white-space:pre">Includes leasehold improvements projects which are not yet ready for the intended use. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation expense for </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.89pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.13pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.67pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.13pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.37pt;position:var(--position);text-decoration:none;white-space:pre"> was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.69pt;position:var(--position);text-decoration:none;white-space:pre">$33.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.8pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.34pt;position:var(--position);text-decoration:none;white-space:pre">$41.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.45pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.67pt;position:var(--position);text-decoration:none;white-space:pre">$51.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.78pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">Major classes of property and equipment were as follows:</span><div style="position:var(--position);top:235.2pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:322.5pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:105.75pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);width:214.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:214.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:45.88pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:15pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:15pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:30pt;width:214.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:214.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:76.29pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:45pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">310,362<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:45pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">282,703<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:60pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:74.03pt"></span></span><span style="left:76.66pt;position:var(--position)">6,686<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:60pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:74.03pt"></span></span><span style="left:76.66pt;position:var(--position)">5,419<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Construction in progress </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.72999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">11,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:82.36pt"></span></span><span style="left:84.99pt;position:var(--position)">876<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold improvements</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:90pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">24,492<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:90pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.47pt"></span></span><span style="left:71.1pt;position:var(--position)">20,728<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gross book value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:105pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">353,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:105pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.91pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">309,726<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Accumulated depreciation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:120pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.58pt"></span></span><span style="left:62.21pt;position:var(--position)">(214,111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:120pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.58pt"></span></span><span style="left:62.21pt;position:var(--position)">(202,504)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:322.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:322.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net book value at end of period</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:322.5pt;position:var(--position);top:135pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">139,330<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:431.25pt;position:var(--position);top:135pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:105.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.35pt"></span></span><span style="left:65.53999999999999pt;position:var(--position)">107,222<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(1) </span>Includes leasehold improvements projects which are not yet ready for the intended use. 310362000 282703000 6686000 5419000 11901000 876000 24492000 20728000 353441000 309726000 214111000 202504000 139330000 107222000 33300000 41100000 51400000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">8. Intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:164.81pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:167.86pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:499.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The table shows the breakdown and changes in carrying value of intangible assets: </span></div><div style="position:var(--position);top:523.4pt;width:612pt"><div style="font-size:0pt;left:49.87pt;position:var(--position);width:512.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);width:206.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:206.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);width:207pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:207pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:63.01pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.26pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:14.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.63pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.39pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.9pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">software</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">217,629<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(143,990)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:33.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">73,639<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">125,831<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(81,034)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,047)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:49.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">43,750<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">software in progress</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">57,665<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">55,203<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">62,923<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:74.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">61,024<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquired technology</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">166,019<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(150,226)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">15,793<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">150,199<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(106,914)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,742)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:99pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">40,543<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Acquired customer </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">relationships</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">102,269<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(95,051)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">7,218<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">97,802<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(84,735)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:123.75pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">13,067<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total intangible </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">543,582<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(389,267)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">151,853<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">436,755<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(272,683)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(5,688)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:148.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.88pt"></span></span><span style="left:9.51pt;position:var(--position)">158,384<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:493.83pt">Additions to Intangible Assets are comprised of internally developed software technology for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:46.12pt">December</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:41.33pt">31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.33pt;position:var(--position);text-decoration:none;white-space:pre;width:27.08pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.41pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.65pt;position:var(--position);text-decoration:none;white-space:pre;width:119.69pt">. Impairment expense of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.34pt;position:var(--position);text-decoration:none;white-space:pre;width:52.98pt">$2.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.32pt;position:var(--position);text-decoration:none;white-space:pre;width:27.08pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.4pt;position:var(--position);text-decoration:none;white-space:pre;width:52.98pt">$5.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.38pt;position:var(--position);text-decoration:none;white-space:pre;width:196.47pt"> has been recognized for the year ended</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:89.17pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.17pt;position:var(--position);text-decoration:none;white-space:pre;width:23.6pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:171.01pt;position:var(--position);text-decoration:none;white-space:pre;width:14.7pt"> in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.71pt;position:var(--position);text-decoration:none;white-space:pre;width:167.65pt"><span style="-sec-ix-hidden:f-897"><span style="-sec-ix-hidden:f-898">Research and Development Expense</span></span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.36pt;position:var(--position);text-decoration:none;white-space:pre;width:209.77pt"> in the Consolidated Statement of Operations. </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:563.13pt;position:var(--position);text-decoration:none;white-space:pre;width:12.78pt">No</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:368.89pt">material impairment expense was recognized during the year ended December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.89pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.13pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:132pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:78.48pt">During the year </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.48pt;position:var(--position);text-decoration:none;white-space:pre;width:27.8pt">ended</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.28pt;position:var(--position);text-decoration:none;white-space:pre;width:347.91pt"> December 31, 2025, the Company recorded accelerated amortization of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.19pt;position:var(--position);text-decoration:none;white-space:pre;width:53.01pt">$7.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.2pt;position:var(--position);text-decoration:none;white-space:pre;width:32.7pt"> and a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:158.79pt">nonrecurring impairment charge of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.79pt;position:var(--position);text-decoration:none;white-space:pre;width:51.36pt">$0.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.15pt;position:var(--position);text-decoration:none;white-space:pre;width:329.72pt"> related to internally developed intangible assets following Alphabet Inc.'s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:154.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:247.75pt">decision not to deprecate third-party cookies in Chrome.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:128.02pt">Amortization expense was $</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.02pt;position:var(--position);text-decoration:none;white-space:pre;width:51.56pt">89.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.58pt;position:var(--position);text-decoration:none;white-space:pre;width:6.55pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.13pt;position:var(--position);text-decoration:none;white-space:pre;width:57.12pt">$48.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.25pt;position:var(--position);text-decoration:none;white-space:pre;width:24.24pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.49pt;position:var(--position);text-decoration:none;white-space:pre;width:57.12pt">$33.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.61pt;position:var(--position);text-decoration:none;white-space:pre;width:96.7pt"> for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.31pt;position:var(--position);text-decoration:none;white-space:pre;width:89.81pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:547.12pt;position:var(--position);text-decoration:none;white-space:pre;width:6.55pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.67pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.45pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:77.69pt;position:var(--position);text-decoration:none;white-space:pre;width:60.35pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:25.99pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.989999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:88.25pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.24pt;position:var(--position);text-decoration:none;white-space:pre;width:425.59pt">, expected amortization expense for intangible assets for the next five years and thereafter is as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:219.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:33.32pt">follows:</span></div><div style="position:var(--position);top:243.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.64pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.4pt;position:var(--position);text-decoration:none;white-space:pre">Technology </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.15pt;position:var(--position);text-decoration:none;white-space:pre">and customer </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">relationships</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.89pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">49,158<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">15,205<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">64,363<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">44,697<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">46,112<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">25,786<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">27,201<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">9,201<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">10,616<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">2,146<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">2,146<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:21.38pt"></span></span><span style="left:29.009999999999998pt;position:var(--position)">128,842<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">23,011<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:21.38pt"></span></span><span style="left:29.009999999999998pt;position:var(--position)">151,853<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The table shows the breakdown and changes in carrying value of intangible assets: </span><div style="position:var(--position);top:523.4pt;width:612pt"><div style="font-size:0pt;left:49.87pt;position:var(--position);width:512.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);width:206.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:206.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);width:207pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:207pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:63.01pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.26pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:14.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.63pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.39pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.9pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">software</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">217,629<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(143,990)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:33.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">73,639<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">125,831<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(81,034)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,047)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:49.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">43,750<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">software in progress</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">57,665<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">55,203<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">62,923<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:74.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">61,024<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquired technology</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">166,019<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(150,226)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">15,793<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">150,199<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(106,914)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,742)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:99pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">40,543<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Acquired customer </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">relationships</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">102,269<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(95,051)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">7,218<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">97,802<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(84,735)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:123.75pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">13,067<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total intangible </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">543,582<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(389,267)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">151,853<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">436,755<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(272,683)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(5,688)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:148.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.88pt"></span></span><span style="left:9.51pt;position:var(--position)">158,384<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">The table shows the breakdown and changes in carrying value of intangible assets: </span><div style="position:var(--position);top:523.4pt;width:612pt"><div style="font-size:0pt;left:49.87pt;position:var(--position);width:512.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:45.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);width:206.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:206.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);width:207pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:207pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:63.01pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.26pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:14.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.5pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.01pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.52pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:14.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:10.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated </span></div><div style="line-height:9pt;position:var(--position);top:19.03pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.65pt;position:var(--position);text-decoration:none;white-space:pre">Amortization</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:14.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.76pt;position:var(--position);text-decoration:none;white-space:pre">Impairment</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:14.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:5.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:15.63pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:9pt;position:var(--position);top:14.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.39pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:9pt;position:var(--position);top:23.53pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:5.9pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">software</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">217,629<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(143,990)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:33.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">73,639<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:49.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">125,831<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(81,034)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:49.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,047)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:49.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">43,750<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Internally developed </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">software in progress</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">57,665<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">55,203<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:74.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">62,923<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:74.25pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:46.88pt"></span></span><span style="left:49.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:74.25pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(1,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:74.25pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">61,024<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Acquired technology</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">166,019<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(150,226)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">15,793<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:99pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">150,199<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:99pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:20.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(106,914)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:99pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,742)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:99pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">40,543<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Acquired customer </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">relationships</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:8.76pt;position:var(--position)">102,269<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(95,051)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">7,218<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:123.75pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">97,802<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:123.75pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:25.39pt"></span></span><span style="left:28.02pt;position:var(--position)">(84,735)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:123.75pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:38.63pt"></span></span><span style="left:41.260000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:123.75pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:11.88pt"></span></span><span style="left:14.510000000000002pt;position:var(--position)">13,067<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:93pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total intangible </span></div><div style="line-height:9pt;position:var(--position);top:13.78pt;width:93pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:96pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">543,582<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:141pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(389,267)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:203.25pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(2,462)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:257.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">151,853<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:305.25pt;position:var(--position);top:148.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.13pt"></span></span><span style="left:8.76pt;position:var(--position)">436,755<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:148.5pt;width:62.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:15.39pt"></span></span><span style="left:23.02pt;position:var(--position)">(272,683)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:148.5pt;width:54pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:54pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:17.14pt"></span></span><span style="left:24.77pt;position:var(--position)">(5,688)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:466.5pt;position:var(--position);top:148.5pt;width:45.75pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:45.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:1.88pt"></span></span><span style="left:9.51pt;position:var(--position)">158,384<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 217629000 143990000 0 73639000 125831000 81034000 1047000 43750000 57665000 0 2462000 55203000 62923000 0 1899000 61024000 166019000 150226000 0 15793000 150199000 106914000 2742000 40543000 102269000 95051000 0 7218000 97802000 84735000 0 13067000 543582000 389267000 2462000 151853000 436755000 272683000 5688000 158384000 2500000 5700000 0 7900000 900000 89000000.0 48300000 33400000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:25.99pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.989999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:88.25pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.24pt;position:var(--position);text-decoration:none;white-space:pre;width:425.59pt">, expected amortization expense for intangible assets for the next five years and thereafter is as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:219.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:33.32pt">follows:</span></div><div style="position:var(--position);top:243.6pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:32.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:13.64pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.4pt;position:var(--position);text-decoration:none;white-space:pre">Technology </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.15pt;position:var(--position);text-decoration:none;white-space:pre">and customer </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">relationships</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.89pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">49,158<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">15,205<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:32.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">64,363<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">44,697<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:47.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">46,112<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">25,786<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:62.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">27,201<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">9,201<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:77.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:31.38pt"></span></span><span style="left:34.01pt;position:var(--position)">10,616<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:92.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">1,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.88pt"></span></span><span style="left:52.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">2,146<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:107.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:36.38pt"></span></span><span style="left:39.010000000000005pt;position:var(--position)">2,146<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:336.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:21.38pt"></span></span><span style="left:29.009999999999998pt;position:var(--position)">128,842<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:26.38pt"></span></span><span style="left:34.01pt;position:var(--position)">23,011<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:122.25pt;width:65.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:21.38pt"></span></span><span style="left:29.009999999999998pt;position:var(--position)">151,853<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 49158000 15205000 64363000 44697000 1415000 46112000 25786000 1415000 27201000 9201000 1415000 10616000 0 1415000 1415000 0 2146000 2146000 128842000 23011000 151853000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">9. Goodwill</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:67.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:36.11pt">Goodwil</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.11pt;position:var(--position);text-decoration:none;white-space:pre;width:76.13pt">l allocated to the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.24pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:365.97pt"> reportable segments and the changes in the carrying amount for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.76pt;position:var(--position);text-decoration:none;white-space:pre;width:46.12pt">December</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:38.9pt">31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.9pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.12pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.36pt;position:var(--position);text-decoration:none;white-space:pre;width:73.86pt"> were as follows:</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:91.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:105.15pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:539.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:270pt"></td><td style="padding:0;width:87.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:87.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:87.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:2.53pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:16.39pt;position:var(--position);text-decoration:none;white-space:pre">Performance </span></div><div style="line-height:9pt;position:var(--position);top:11.53pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:31.13pt;position:var(--position);text-decoration:none;white-space:pre">Media</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:33.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:20.25pt;width:269.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:269.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:107.11pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at January 1, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:92.11pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">149,679<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">374,518<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">524,197<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:270pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:270pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(4,718)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(4,291)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(9,009)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:106.58999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">144,961<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">370,227<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">515,188<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:270pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:270pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">6,867<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:53.88pt"></span></span><span style="left:56.510000000000005pt;position:var(--position)">13,706<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:53.88pt"></span></span><span style="left:56.510000000000005pt;position:var(--position)">20,573<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:106.58999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">151,828<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">383,933<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">535,761<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:36.11pt">Goodwil</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:72.11pt;position:var(--position);text-decoration:none;white-space:pre;width:76.13pt">l allocated to the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.24pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:365.97pt"> reportable segments and the changes in the carrying amount for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.76pt;position:var(--position);text-decoration:none;white-space:pre;width:46.12pt">December</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:38.9pt">31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.9pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.12pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.36pt;position:var(--position);text-decoration:none;white-space:pre;width:73.86pt"> were as follows:</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:91.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:105.15pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:539.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:270pt"></td><td style="padding:0;width:87.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:87.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:87.75pt"></td></tr><tr style="height:20.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:17.64pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:2.53pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:16.39pt;position:var(--position);text-decoration:none;white-space:pre">Performance </span></div><div style="line-height:9pt;position:var(--position);top:11.53pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:31.13pt;position:var(--position);text-decoration:none;white-space:pre">Media</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:33.14pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:20.25pt;width:269.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:269.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:107.11pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at January 1, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:92.11pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">149,679<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">374,518<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:33pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">524,197<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:270pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:270pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(4,718)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(4,291)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:47.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:55.89pt"></span></span><span style="left:58.52pt;position:var(--position)">(9,009)</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:106.58999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">144,961<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">370,227<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:62.25pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">515,188<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:270pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:270pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:58.88pt"></span></span><span style="left:61.510000000000005pt;position:var(--position)">6,867<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:53.88pt"></span></span><span style="left:56.510000000000005pt;position:var(--position)">13,706<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:76.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:53.88pt"></span></span><span style="left:56.510000000000005pt;position:var(--position)">20,573<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:270pt"><div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:4.03pt;width:270pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:106.58999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">151,828<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">383,933<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:451.5pt;position:var(--position);top:91.5pt;width:87.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:87.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:43.88pt"></span></span><span style="left:51.510000000000005pt;position:var(--position)">535,761<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2 2 149679000 374518000 524197000 -4718000 -4291000 -9009000 144961000 370227000 515188000 6867000 13706000 20573000 151828000 383933000 535761000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">10. Financial Liabilities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:277.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">We are party </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">to several revolving credit facilities with third-party financial institutions. </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.68pt;position:var(--position);text-decoration:none;white-space:pre">Our revolving credit facilities as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:289.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:123.79pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.01pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.25pt;position:var(--position);text-decoration:none;white-space:pre"> are presented in the table below: </span></div><div style="position:var(--position);top:313.1pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:124.5pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:38.9pt;position:var(--position);white-space:pre">Nominal/ </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:29.93pt;position:var(--position);white-space:pre">Authorized </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:39.41pt;position:var(--position);white-space:pre">amounts</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:42.92pt;position:var(--position);white-space:pre">Amount </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.41pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.39pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:56.87pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:42.92pt;position:var(--position);white-space:pre">Amount </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:8.94pt;position:var(--position);white-space:pre">Outstanding  as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.41pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.39pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:56.87pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Nature</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:41.25pt;width:246pt"><div><div style="line-height:8pt;position:var(--position);top:4.5pt;width:246pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:95.49pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:41.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:25.41pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:41.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:20.93pt;position:var(--position);white-space:pre">Maturity date</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:50.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:17.53pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bank Syndicate RCF - </span></div><div style="line-height:9pt;position:var(--position);top:26.53pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 2022</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:24.41pt;position:var(--position);text-decoration:none;white-space:pre">Floating rate: </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:3.42pt;position:var(--position);text-decoration:none;white-space:pre">EURIBOR / SOFR </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:41.65pt;position:var(--position);text-decoration:none;white-space:pre">+ margin </span></div><div style="line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.38pt;position:var(--position);text-decoration:none;white-space:pre">depending on </span></div><div style="line-height:9pt;position:var(--position);top:40.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.41pt;position:var(--position);text-decoration:none;white-space:pre">leverage ratio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">September 2027</span></div></div></div></td></tr><tr style="height:27.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:6.28pt;width:124.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other short-term lines of </span></div><div style="line-height:9pt;position:var(--position);top:15.28pt;width:124.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">credit</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.9pt;position:var(--position);text-decoration:none;white-space:pre">EURIBOR</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.92pt">The Bank Syndicate Revolving Line of Credit is an unsecured sustainability-linked facility, subject to financial and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:257.32pt">nonfinancial covenants linked to our sustainability goals</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.09pt;position:var(--position);text-decoration:none;white-space:pre;width:77.82pt"> As of year-end </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.91pt;position:var(--position);text-decoration:none;white-space:pre;width:91.71pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.62pt;position:var(--position);text-decoration:none;white-space:pre;width:28.91pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.53pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.77pt;position:var(--position);text-decoration:none;white-space:pre;width:59.19pt">, we were in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:178.33pt">compliance with the required covenants.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:25.53pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.53pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.32pt;position:var(--position);text-decoration:none;white-space:pre;width:24.99pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.31pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.55pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.09pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.21pt;position:var(--position);text-decoration:none;white-space:pre;width:360.89pt"> amounts have been drawn or are outstanding under the Revolving Credit Facility.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:574.1pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.85pt">We are also party to short-term credit lines in the form of overdraft facilities with HSBC plc, BNP Paribas and LCL with an</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:191.66pt">authorization to draw up to a maximum of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.66pt;position:var(--position);text-decoration:none;white-space:pre;width:56.81pt">€21.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.47pt;position:var(--position);text-decoration:none;white-space:pre;width:6.8pt"> (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:291.27pt;position:var(--position);text-decoration:none;white-space:pre;width:56.81pt">$25.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.08pt;position:var(--position);text-decoration:none;white-space:pre;width:227.78pt">) in the aggregate under the short-term credit lines</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:133.82pt">and overdraft facilities. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.82pt;position:var(--position);text-decoration:none;white-space:pre;width:90.23pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.05pt;position:var(--position);text-decoration:none;white-space:pre;width:27.43pt">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:287.48pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.72pt;position:var(--position);text-decoration:none;white-space:pre;width:266.25pt"> we had not drawn on any of these facilities. Any loans or</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:540pt">overdrafts under these short-term facilities bear interest based on the one month EURIBOR rate or three month EURIBOR</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:576pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.91pt">rate. As these facilities are exclusively overdraft facilities, there is no maturity and our banks have the ability to terminate</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:130.52pt">such facilities on short notice.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:57.96pt">The Compan</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:481.92pt">y also holds derivative financial instruments in order to manage and reduce exposure to the risk of exchange</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:73.31pt">rate fluctuations.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:647.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:183.27pt">The following table shows the maturity of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.27pt;position:var(--position);text-decoration:none;white-space:pre;width:97.2pt">our financial liabilities:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.35pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:269.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:40.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td></tr><tr style="height:24pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.33pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.1pt;position:var(--position);text-decoration:none;white-space:pre">value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:328.5pt;position:var(--position);width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.13pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:24pt;width:267pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:267pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:102.54pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:269.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:269.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:38.25pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.91pt"></span></span><span style="left:17.1pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:328.5pt;overflow:hidden;position:var(--position);top:38.25pt;width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:269.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:269.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total Financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:53.25pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.91pt"></span></span><span style="left:17.1pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:328.5pt;overflow:hidden;position:var(--position);top:53.25pt;width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.68pt;position:var(--position);text-decoration:none;white-space:pre">Our revolving credit facilities as of </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:289.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:123.79pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.01pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.25pt;position:var(--position);text-decoration:none;white-space:pre"> are presented in the table below: </span></div><div style="position:var(--position);top:313.1pt;width:612pt"><div style="font-size:0pt;left:37.5pt;position:var(--position);width:537pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:124.5pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:79.5pt"></td></tr><tr style="height:41.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:38.9pt;position:var(--position);white-space:pre">Nominal/ </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:29.93pt;position:var(--position);white-space:pre">Authorized </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:39.41pt;position:var(--position);white-space:pre">amounts</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:42.92pt;position:var(--position);white-space:pre">Amount </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.44pt;position:var(--position);white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.41pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.39pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:56.87pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:42.92pt;position:var(--position);white-space:pre">Amount </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:8.94pt;position:var(--position);white-space:pre">Outstanding  as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:7.41pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:18.39pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:56.87pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:underline;white-space:pre">Nature</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:41.25pt;width:246pt"><div><div style="line-height:8pt;position:var(--position);top:4.5pt;width:246pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:95.49pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:41.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:25.41pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:41.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:20.93pt;position:var(--position);white-space:pre">Maturity date</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:50.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:17.53pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bank Syndicate RCF - </span></div><div style="line-height:9pt;position:var(--position);top:26.53pt;width:124.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 2022</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:43.260000000000005pt;position:var(--position)">407,000<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:24.41pt;position:var(--position);text-decoration:none;white-space:pre">Floating rate: </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:3.42pt;position:var(--position);text-decoration:none;white-space:pre">EURIBOR / SOFR </span></div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:41.65pt;position:var(--position);text-decoration:none;white-space:pre">+ margin </span></div><div style="line-height:9pt;position:var(--position);top:31.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.38pt;position:var(--position);text-decoration:none;white-space:pre">depending on </span></div><div style="line-height:9pt;position:var(--position);top:40.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:22.41pt;position:var(--position);text-decoration:none;white-space:pre">leverage ratio</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:71.25pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:22.03pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:10.39pt;position:var(--position);text-decoration:none;white-space:pre">September 2027</span></div></div></div></td></tr><tr style="height:27.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:124.5pt"><div><div style="line-height:9pt;position:var(--position);top:6.28pt;width:124.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other short-term lines of </span></div><div style="line-height:9pt;position:var(--position);top:15.28pt;width:124.5pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">credit</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:124.5pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207.75pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:291pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">€<span style="display:inline-block;height:6.55pt;width:40.63pt"></span></span><span style="left:48.260000000000005pt;position:var(--position)">21,500<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:121.5pt;width:79.5pt"><div><div style="line-height:9pt;position:var(--position);top:10.78pt;width:79.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:35.9pt;position:var(--position);text-decoration:none;white-space:pre">EURIBOR</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div> 407000000 407000000 407000000 21500000 21500000 21500000 0 0 21500000 25300000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:183.27pt">The following table shows the maturity of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.27pt;position:var(--position);text-decoration:none;white-space:pre;width:97.2pt">our financial liabilities:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.35pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:269.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:40.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39pt"></td></tr><tr style="height:24pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.33pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.1pt;position:var(--position);text-decoration:none;white-space:pre">value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:328.5pt;position:var(--position);width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.13pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);width:39pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.38pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:24pt;width:267pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:267pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:102.54pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:269.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:269.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial derivatives</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:38.25pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.91pt"></span></span><span style="left:17.1pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:328.5pt;overflow:hidden;position:var(--position);top:38.25pt;width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);top:38.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:269.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:269.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total Financial liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:53.25pt;width:51.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:51.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.91pt"></span></span><span style="left:17.1pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:328.5pt;overflow:hidden;position:var(--position);top:53.25pt;width:40.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:40.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">11,360<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:372.75pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:458.25pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:501pt;position:var(--position);top:53.25pt;width:39pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:39pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.73pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 11360000 11360000 0 0 0 0 11360000 11360000 0 0 0 0 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">11. Leases</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:67.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The Company has entered into operating lease agreements primarily for data centers and offices throughout the world with </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">lease periods expiring between </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.07pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.31pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.53pt;position:var(--position);text-decoration:none;white-space:pre">2036</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:238.77pt;position:var(--position);text-decoration:none;white-space:pre">. </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.13pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease expense are as follows:</span></div><div style="position:var(--position);top:103.95pt;width:612pt"><div style="font-size:0pt;left:33pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249.75pt"></td><td style="padding:0;width:99pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:94.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:291.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:291.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:84.51pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:15pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.38pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:15pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.13pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:15pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:30pt;width:291.75pt"><div><div style="line-height:9pt;position:var(--position);top:2.81pt;width:291.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:114.92pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease expense </span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:42.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:56.16pt"></span></span><span style="left:64.35pt;position:var(--position)">35,745<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:42.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:51.66pt"></span></span><span style="left:59.85pt;position:var(--position)">39,361<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:42.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">36,637<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short term lease expense </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:57.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:75.61pt"></span></span><span style="left:78.24pt;position:var(--position)">477<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:57.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:71.11pt"></span></span><span style="left:73.74pt;position:var(--position)">950<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:57.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.11pt"></span></span><span style="left:70.74pt;position:var(--position)">678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable lease expense </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:72.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:67.28pt"></span></span><span style="left:69.91pt;position:var(--position)">1,674<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:72.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.78pt"></span></span><span style="left:65.41pt;position:var(--position)">1,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:72.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.11pt"></span></span><span style="left:70.74pt;position:var(--position)">877<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sublease income </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:87.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:72.28pt"></span></span><span style="left:74.91pt;position:var(--position)">(995)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:87.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.45pt"></span></span><span style="left:62.080000000000005pt;position:var(--position)">(1,398)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:87.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:64.78pt"></span></span><span style="left:67.41pt;position:var(--position)">(921)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total operating lease expense </span></div></div></div></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:102.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:56.16pt"></span></span><span style="left:64.35pt;position:var(--position)">36,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:102.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:51.66pt"></span></span><span style="left:59.85pt;position:var(--position)">40,610<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:102.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">37,271<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:262.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.82pt;position:var(--position);text-decoration:none;white-space:pre">, future minimum lease payments are as follows:</span></div><div style="position:var(--position);top:286.7pt;width:612pt"><div style="font-size:0pt;left:33.37pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:445.5pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.81pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.07pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:18.75pt;width:95.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.31pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:16.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:36pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:47.16pt"></span></span><span style="left:55.35pt;position:var(--position)">38,704<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:51pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">38,016<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:66pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">32,317<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:81pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">21,552<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:96pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">11,004<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:111pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:58.28pt"></span></span><span style="left:60.910000000000004pt;position:var(--position)">9,795<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total minimum lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:126pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.16pt"></span></span><span style="left:49.79pt;position:var(--position)">151,388<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Impact of Discount Rate</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:141pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:49.39pt"></span></span><span style="left:52.02pt;position:var(--position)">(13,026)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Lease Liability</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:156pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.6pt"></span></span><span style="left:49.79pt;position:var(--position)">138,362<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:474.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The weighted average remaining lease term and discount rates as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.93pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.15pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.39pt;position:var(--position);text-decoration:none;white-space:pre"> are as follows: </span></div><div style="position:var(--position);top:498.7pt;width:612pt"><div style="font-size:0pt;left:31.87pt;position:var(--position);width:543.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:367.5pt"></td><td style="padding:0;width:86.25pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:176.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:176.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26.76pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:15pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:32pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:15pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.88pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:367.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:367.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average remaining lease term (years) </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:30pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.18pt;position:var(--position);text-decoration:none;white-space:pre">4.4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:30pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.05pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:367.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:367.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average discount rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:45pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.67pt;position:var(--position);text-decoration:none;white-space:pre">2.4%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:45pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.55pt;position:var(--position);text-decoration:none;white-space:pre">2.7%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental cash flow information related to our operating leases</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.03pt;position:var(--position);text-decoration:none;white-space:pre"> is as follows for the period </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.09pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.88pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:563.66pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.95pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.19pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:611.7pt;width:612pt"><div style="font-size:0pt;left:35.62pt;position:var(--position);width:536.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:340.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);width:195.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:195.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.51pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:28.5pt;width:195.75pt"><div><div style="line-height:9pt;position:var(--position);top:5.06pt;width:195.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.92pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for amounts included in the measurement of lease liabilities :</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating cash flows for operating leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(33,669)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(39,342)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(38,059)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Lease liabilities arising from obtaining right-of-use assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">58,008<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,899<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,696<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:717.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.71pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.21pt;position:var(--position);text-decoration:none;white-space:pre;width:87.97pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.18pt;position:var(--position);text-decoration:none;white-space:pre;width:430.74pt">, we have additional operating leases, that have not yet commenced which will result in additional</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:729.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:214.97pt">operating lease liabilities and right of use assets:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:455.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.07pt;position:var(--position);white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:15pt;width:84pt"><div><div style="line-height:9pt;position:var(--position);top:5.06pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.04pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:455.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:455.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional operating lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:30pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.16pt"></span></span><span style="left:49.35pt;position:var(--position)">25,773<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:455.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:455.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional right of use assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:45pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.16pt"></span></span><span style="left:49.35pt;position:var(--position)">25,773<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:119.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">These operating leases will commence during the fiscal year ending December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.81pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.05pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.13pt;position:var(--position);text-decoration:none;white-space:pre">The components of lease expense are as follows:</span><div style="position:var(--position);top:103.95pt;width:612pt"><div style="font-size:0pt;left:33pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249.75pt"></td><td style="padding:0;width:99pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:94.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:291.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:291.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:84.51pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:15pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.38pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:15pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.13pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:15pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:30pt;width:291.75pt"><div><div style="line-height:9pt;position:var(--position);top:2.81pt;width:291.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:114.92pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lease expense </span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:42.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:56.16pt"></span></span><span style="left:64.35pt;position:var(--position)">35,745<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:42.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:51.66pt"></span></span><span style="left:59.85pt;position:var(--position)">39,361<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:42.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">36,637<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short term lease expense </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:57.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:75.61pt"></span></span><span style="left:78.24pt;position:var(--position)">477<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:57.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:71.11pt"></span></span><span style="left:73.74pt;position:var(--position)">950<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:57.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.11pt"></span></span><span style="left:70.74pt;position:var(--position)">678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable lease expense </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:72.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:67.28pt"></span></span><span style="left:69.91pt;position:var(--position)">1,674<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:72.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:62.78pt"></span></span><span style="left:65.41pt;position:var(--position)">1,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:72.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:68.11pt"></span></span><span style="left:70.74pt;position:var(--position)">877<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sublease income </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:87.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:72.28pt"></span></span><span style="left:74.91pt;position:var(--position)">(995)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:87.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.45pt"></span></span><span style="left:62.080000000000005pt;position:var(--position)">(1,398)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:87.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:64.78pt"></span></span><span style="left:67.41pt;position:var(--position)">(921)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:249.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total operating lease expense </span></div></div></div></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:102.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:56.16pt"></span></span><span style="left:64.35pt;position:var(--position)">36,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:352.5pt;position:var(--position);top:102.75pt;width:94.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:94.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:51.66pt"></span></span><span style="left:59.85pt;position:var(--position)">40,610<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450pt;position:var(--position);top:102.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">37,271<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 35745000 39361000 36637000 477000 950000 678000 1674000 1697000 877000 995000 1398000 921000 36901000 40610000 37271000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.82pt;position:var(--position);text-decoration:none;white-space:pre">, future minimum lease payments are as follows:</span><div style="position:var(--position);top:286.7pt;width:612pt"><div style="font-size:0pt;left:33.37pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:445.5pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);width:90pt"><div><div style="line-height:10pt;position:var(--position);top:5.81pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.07pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:445.5pt;position:var(--position);top:18.75pt;width:95.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.31pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:16.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:36pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:47.16pt"></span></span><span style="left:55.35pt;position:var(--position)">38,704<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:51pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">38,016<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:66pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">32,317<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:81pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">21,552<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:96pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.72pt"></span></span><span style="left:55.35pt;position:var(--position)">11,004<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:111pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:58.28pt"></span></span><span style="left:60.910000000000004pt;position:var(--position)">9,795<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total minimum lease payments</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:126pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.16pt"></span></span><span style="left:49.79pt;position:var(--position)">151,388<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Impact of Discount Rate</span></div></div></div></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:141pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:49.39pt"></span></span><span style="left:52.02pt;position:var(--position)">(13,026)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:445.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:445.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Lease Liability</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:156pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.6pt"></span></span><span style="left:49.79pt;position:var(--position)">138,362<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 38704000 38016000 32317000 21552000 11004000 9795000 151388000 13026000 138362000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The weighted average remaining lease term and discount rates as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.93pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.15pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.39pt;position:var(--position);text-decoration:none;white-space:pre"> are as follows: </span><div style="position:var(--position);top:498.7pt;width:612pt"><div style="font-size:0pt;left:31.87pt;position:var(--position);width:543.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:367.5pt"></td><td style="padding:0;width:86.25pt"></td><td style="padding:0;width:90pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:176.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:176.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26.76pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:15pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:32pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:15pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.88pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:367.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:367.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average remaining lease term (years) </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:30pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.18pt;position:var(--position);text-decoration:none;white-space:pre">4.4</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:30pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:38.05pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:367.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:367.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average discount rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:45pt;width:86.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:86.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.67pt;position:var(--position);text-decoration:none;white-space:pre">2.4%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:453.75pt;position:var(--position);top:45pt;width:90pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:90pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.55pt;position:var(--position);text-decoration:none;white-space:pre">2.7%</span></div></div></div></td></tr></tbody></table></div></div></div> P4Y4M24D P5Y 0.024 0.027 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental cash flow information related to our operating leases</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.03pt;position:var(--position);text-decoration:none;white-space:pre"> is as follows for the period </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.09pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:535.88pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:541.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:563.66pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.95pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.19pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:611.7pt;width:612pt"><div style="font-size:0pt;left:35.62pt;position:var(--position);width:536.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:340.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);width:195.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:195.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.51pt;position:var(--position);white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:14.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:28.5pt;width:195.75pt"><div><div style="line-height:9pt;position:var(--position);top:5.06pt;width:195.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.92pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for amounts included in the measurement of lease liabilities :</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Operating cash flows for operating leases</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(33,669)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(39,342)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:19.08pt"></span></span><span style="left:27.27pt;position:var(--position)">(38,059)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:340.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:340.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Lease liabilities arising from obtaining right-of-use assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:340.5pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">58,008<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,899<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:471pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,696<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 33669000 39342000 38059000 58008000 28899000 28696000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.71pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.21pt;position:var(--position);text-decoration:none;white-space:pre;width:87.97pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.18pt;position:var(--position);text-decoration:none;white-space:pre;width:430.74pt">, we have additional operating leases, that have not yet commenced which will result in additional</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:729.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:214.97pt">operating lease liabilities and right of use assets:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:455.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.07pt;position:var(--position);white-space:pre">Total</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:15pt;width:84pt"><div><div style="line-height:9pt;position:var(--position);top:5.06pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:11.04pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:455.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:455.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional operating lease liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:30pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.16pt"></span></span><span style="left:49.35pt;position:var(--position)">25,773<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:455.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:455.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additional right of use assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:459pt;position:var(--position);top:45pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.16pt"></span></span><span style="left:49.35pt;position:var(--position)">25,773<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 25773000 25773000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">12. Other Current and Noncurrent Liabilities</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:287.9pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:168.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Other current liabilities are presented in the following table: </span></div><div style="font-size:12pt;position:var(--position);top:180.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:34.27pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:368.25pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);width:173.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:25.5pt;width:173.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rebates</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">36,844<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">31,989<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer prepayments and deferred revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">8,420<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">9,636<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts payable relating to capital expenditures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">18,126<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,758<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other creditors</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:83.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">4,888<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:83.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">6,436<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:98.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">68,277<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:98.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">49,819<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:310.92pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounts payable relating to capital expenditures are primarily related to the purchase of datacenter equipment.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:358.92pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Other noncurrent liabilities are presented in the following table:</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.12pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:382.92pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:368.25pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);width:173.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:25.5pt;width:173.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">28,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">18,884<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">3,151<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,569<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">31,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">20,453<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.17pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:38.31pt"><span style="background-color:inherit">Refer to </span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.81pt;position:var(--position);text-decoration:none;white-space:pre;width:35pt">Note 17</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.81pt;position:var(--position);text-decoration:none;white-space:pre;width:156.45pt"> Income Taxes for more information</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.26pt;position:var(--position);text-decoration:none;white-space:pre;width:135.53pt"> on the uncertain tax positions.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Other current liabilities are presented in the following table: </span><div style="font-size:12pt;position:var(--position);top:180.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:0pt;left:34.27pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:368.25pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);width:173.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:25.5pt;width:173.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rebates</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">36,844<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">31,989<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Customer prepayments and deferred revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">8,420<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">9,636<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts payable relating to capital expenditures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.47pt"></span></span><span style="left:50.1pt;position:var(--position)">18,126<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,758<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other creditors</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:83.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">4,888<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:83.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">6,436<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:98.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">68,277<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:98.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">49,819<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 36844000 31989000 8420000 9636000 18126000 1758000 4888000 6436000 68277000 49819000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Other noncurrent liabilities are presented in the following table:</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.12pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="position:var(--position);top:382.92pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:368.25pt"></td><td style="padding:0;width:84.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);width:173.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:25.5pt;width:173.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:173.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:55.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">28,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:38.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">18,884<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">3,151<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:53.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.03pt"></span></span><span style="left:55.660000000000004pt;position:var(--position)">1,569<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:368.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:368.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">31,826<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:456.75pt;position:var(--position);top:68.25pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:84.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:41.91pt"></span></span><span style="left:50.1pt;position:var(--position)">20,453<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 28675000 18884000 3151000 1569000 31826000 20453000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">13. Employee Benefits</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:538.37pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Defined </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:74.84pt;position:var(--position);text-decoration:none;white-space:pre">Benefit Postretirement Plans </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.57pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:33.33pt">Accordi</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:64.83pt;position:var(--position);text-decoration:none;white-space:pre;width:511.04pt">ng to French law and the Syntec Collective Agreement, French employees are entitled to compensation paid on</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569.57pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:378.23pt">retirement, equal to up to twelve months of their salary based on term of employment.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.57pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:17.22pt">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre;width:125.53pt"> following table summarizes </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.25pt;position:var(--position);text-decoration:none;white-space:pre;width:57.23pt">the changes </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.48pt;position:var(--position);text-decoration:none;white-space:pre;width:149.43pt">in the projected benefit obligation:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:33.37pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:346.5pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:30pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Accumulated postretirement benefit obligation - beginning of period  </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,123<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">3,708<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Service cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">785<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">687<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">707<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"> <span style="-sec-ix-hidden:f-1040">Interest cost</span>  </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">200<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">158<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">161<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-1044">Curtailment</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(192)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(306)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Actuarial losses (gains)  </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(622)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(290)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">635<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(283)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">143<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Accumulated postretirement benefit obligation - end of period  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">5,707<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,123<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:209.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The Company does not hold any plan assets for any of the periods presented.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.92pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:233.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The main assumptions used for the purposes of the actuarial valuations are listed below:</span></div><div style="position:var(--position);top:257.75pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:85.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Discount rate (Corp AA)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">4.5%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">3.9%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">3.9%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected rate of salary increase</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected rate of social charges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">50.0%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">49.0%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">48.0%</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:8.06pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected staff turnover</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Estimated retirement age</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.4pt;position:var(--position);text-decoration:none;white-space:pre">65 years old</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.4pt;position:var(--position);text-decoration:none;white-space:pre">65 years old</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.01pt;position:var(--position);text-decoration:none;white-space:pre">Progressive table</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:8.06pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Life table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:417.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Defined Contribution Plans </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">The Company also provides qualified defined contribution plans primarily in France, the United States, and the United</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.5pt">Kingdom. The most significant of these plans is the 401(k) Plan, which covers eligible U.S. employees. Employees can</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:576pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt">contribute to the plans a specified percentage of their eligible compensation, subject to matching contributions from the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.42pt">Company on behalf of the eligible employee. The following table shows the Company's agreed contributions, reported in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:250.5pt">the Consolidated Statement of Operations for the period.</span></div><div style="position:var(--position);top:508.45pt;width:612pt"><div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:85.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:30pt;width:293.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:115.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:249.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Defined contributions plan expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(20,067)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(19,062)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(18,342)</span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:17.22pt">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre;width:125.53pt"> following table summarizes </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.25pt;position:var(--position);text-decoration:none;white-space:pre;width:57.23pt">the changes </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.48pt;position:var(--position);text-decoration:none;white-space:pre;width:149.43pt">in the projected benefit obligation:</span><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:33.37pt;position:var(--position);width:540.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:346.5pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);width:194.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:35.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:15pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:30pt;width:194.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:194.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:66.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Accumulated postretirement benefit obligation - beginning of period  </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,123<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">3,708<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Service cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">785<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">687<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">707<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre"> <span style="-sec-ix-hidden:f-1040">Interest cost</span>  </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">200<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">158<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">161<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre"><span style="-sec-ix-hidden:f-1044">Curtailment</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(192)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:90pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(306)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Actuarial losses (gains)  </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(622)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:105pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(290)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Currency translation adjustment</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">635<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.53pt"></span></span><span style="left:38.160000000000004pt;position:var(--position)">(283)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:120pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">143<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:346.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:346.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Accumulated postretirement benefit obligation - end of period  </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:346.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">5,707<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:412.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:135pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:62.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.97pt"></span></span><span style="left:33.160000000000004pt;position:var(--position)">4,123<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4709000 4123000 3708000 785000 687000 707000 200000 158000 161000 0 192000 306000 622000 -216000 290000 -635000 283000 -143000 5707000 4709000 4123000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The main assumptions used for the purposes of the actuarial valuations are listed below:</span><div style="position:var(--position);top:257.75pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:85.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Discount rate (Corp AA)</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">4.5%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">3.9%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:30pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">3.9%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected rate of salary increase</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:37.17pt;position:var(--position);text-decoration:none;white-space:pre">7.0%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected rate of social charges</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">50.0%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">49.0%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:60pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:34.39pt;position:var(--position);text-decoration:none;white-space:pre">48.0%</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:8.06pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Expected staff turnover</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.84pt;position:var(--position);text-decoration:none;white-space:pre">Company age-</span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.78pt;position:var(--position);text-decoration:none;white-space:pre">based table</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Estimated retirement age</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.4pt;position:var(--position);text-decoration:none;white-space:pre">65 years old</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.4pt;position:var(--position);text-decoration:none;white-space:pre">65 years old</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:98.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.01pt;position:var(--position);text-decoration:none;white-space:pre">Progressive table</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:249pt"><div><div style="line-height:10pt;position:var(--position);top:8.06pt;width:249pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Life table</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:348pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:113.25pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.91pt;position:var(--position);text-decoration:none;white-space:pre">TH-TF 2000-2002 </span></div><div style="line-height:10pt;position:var(--position);top:13.06pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.9pt;position:var(--position);text-decoration:none;white-space:pre">shifted</span></div></div></div></td></tr></tbody></table></div></div></div> 0.045 0.039 0.039 0.070 0.070 0.070 0.500 0.490 0.480 <div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:249.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:85.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:348.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:15pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:30pt;width:293.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:293.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:115.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:249.75pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:249.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:4.88pt;position:var(--position);white-space:pre">Defined contributions plan expenses </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(20,067)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:348.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(19,062)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:447.75pt;position:var(--position);top:45pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:95.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:49.08pt"></span></span><span style="left:57.27pt;position:var(--position)">(18,342)</span></span></div></div></div></td></tr></tbody></table></div></div> 20067000 19062000 18342000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">14. Common shares and Treasury stock</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:267.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:73.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Change</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:71.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> in Number of Shares </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="position:var(--position);top:87.15pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:461.25pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="height:24.75pt;left:461.25pt;overflow:hidden;position:var(--position);width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.66pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.65pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at January 1, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.06pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:24.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">55,765,091<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:39.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">61,165,663<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:52.5pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(5,400,572)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Issuance of shares under share option and free share plans </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:269.3pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:81pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(3,420,824)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for RSU Vesting</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:96pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,366,158<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for LUS Vesting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:111pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">1,953,761<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Retired </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.89999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.83pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:126pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">3,590,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share repurchase program </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:141pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(5,976,764)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.17pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:156pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">54,277,422<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:171pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">57,744,839<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:183.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(3,467,417)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:212.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Issuance of shares under share option and free share plans </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:269.3pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:212.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(2,084,944)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:227.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for RSU Vesting</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:227.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,157,390<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Issued for LUS Vesting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:242.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:257.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Retired </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.89999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:257.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,195,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:272.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share repurchase program</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:272.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(5,393,002)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:287.25pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.17pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:287.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">51,151,866<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:302.25pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:302.25pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">55,659,895<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:315pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(4,508,029)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:441.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> Adopted by the Board of Directors on April 25, 2024 and December 5, 2024</span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:451.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.63pt;position:var(--position);text-decoration:none;white-space:pre">Adopted by the Board of Directors on December 8, 2025</span></div> <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Change</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:71.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> in Number of Shares </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:185.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="position:var(--position);top:87.15pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:461.25pt"></td><td style="padding:0;width:83.25pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="height:24.75pt;left:461.25pt;overflow:hidden;position:var(--position);width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.66pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.65pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at January 1, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.06pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:24.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">55,765,091<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:39.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">61,165,663<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:52.5pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(5,400,572)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Issuance of shares under share option and free share plans </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:269.3pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:81pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(3,420,824)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for RSU Vesting</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:96pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,366,158<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for LUS Vesting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:111pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">1,953,761<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Retired </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.89999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.83pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:126pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">3,590,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share repurchase program </span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:141pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(5,976,764)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.17pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:156pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">54,277,422<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:171pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">57,744,839<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:183.75pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:183.75pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(3,467,417)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:212.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Issuance of shares under share option and free share plans </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:269.3pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:212.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(2,084,944)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:227.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares Issued for RSU Vesting</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:227.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,157,390<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:242.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Issued for LUS Vesting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:242.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:66.54pt"></span></span><span style="left:69.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:257.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Treasury Shares Retired </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:113.89999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:257.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.08pt"></span></span><span style="left:34.71pt;position:var(--position)">2,195,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:272.25pt;width:461.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share repurchase program</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:272.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.75pt"></span></span><span style="left:31.38pt;position:var(--position)">(5,393,002)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:287.25pt;width:461.25pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:461.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Balance at December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.17pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:287.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.52pt"></span></span><span style="left:29.15pt;position:var(--position)">51,151,866<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:302.25pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">of which Common shares</span></div></div></div></td><td style="border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:302.25pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:36.58pt"></span></span><span style="left:39.21pt;position:var(--position)">55,659,895<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315pt;width:461.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:461.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:374.7pt;position:var(--position);text-decoration:none;white-space:pre">of which Treasury stock</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:461.25pt;position:var(--position);top:315pt;width:83.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.76pt;width:83.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.36pt"></span></span><span style="left:40.99pt;position:var(--position)">(4,508,029)<span style="display:inline-block;height:5.82pt;width:0.67pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:441.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> Adopted by the Board of Directors on April 25, 2024 and December 5, 2024</span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:451.1pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(2)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.63pt;position:var(--position);text-decoration:none;white-space:pre">Adopted by the Board of Directors on December 8, 2025</span></div> 55765091 61165663 5400572 3420824 2366158 1953761 3590000 5976764 54277422 57744839 3467417 2084944 2157390 0 2195000 5393002 51151866 55659895 4508029 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">15. Share-Based Compensation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:519.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Equity awards Compensation Expense</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:545.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Equity awards compensation expense recorded in the consolidated statements of operations was as follows:</span><span style="font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:510.36pt;position:var(--position);text-decoration:none;white-space:pre">  </span></div><div style="position:var(--position);top:574.7pt;width:612pt"><div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);width:201pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:45.27pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:25.5pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:72.99pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  Research and Development</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(21,697)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(54,027)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(54,794)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  Sales and Operations </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(19,404)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(21,457)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(20,011)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  General and Administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(17,467)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(27,133)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(22,380)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total equity awards compensation expense </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:177.07pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:25.27pt;position:var(--position)">(102,617)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(97,185)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax benefit from equity awards compensation expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">6,886<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:30.63pt"></span></span><span style="left:33.26pt;position:var(--position)">10,086<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">7,864<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total equity awards compensation expense, net of tax effect</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(51,682)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(92,531)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(89,321)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:717.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:7.79pt">(1) </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.29pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">The periods ended </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:108.1pt;position:var(--position);text-decoration:none;white-space:pre;width:70.15pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:178.25pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:213.77pt;position:var(--position);text-decoration:none;white-space:pre;width:78.14pt">, are presented net of </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:291.91pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$5.8 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:332.29pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:350.05pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$4.0 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:390.43pt;position:var(--position);text-decoration:none;white-space:pre;width:185.45pt">, respectively, capitalized stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"> </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:727.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.93pt">relating to internally developed software.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.34pt"><span style="background-color:inherit">During the year ended December 31, 2025, the departures of the Company’s former Chief Executive Officer and Chief</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt"><span style="background-color:inherit">Revenue Officer resulted in the forfeiture of unvested stock-based compensation awards of both restricted and</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:66.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:135.54pt"><span style="background-color:inherit">performance based awards. </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.04pt;position:var(--position);text-decoration:none;white-space:pre;width:169.56pt"><span style="background-color:inherit">As a result, the Company reversed</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.6pt;position:var(--position);text-decoration:none;white-space:pre;width:5.91pt"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.51pt;position:var(--position);text-decoration:none;white-space:pre;width:53.69pt"><span style="background-color:inherit">$4.5 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.2pt;position:var(--position);text-decoration:none;white-space:pre;width:179.79pt"><span style="background-color:inherit"> of previously recognized stock-based</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:78.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.94pt"><span style="background-color:inherit">compensation expense, which is reflected, respectively as a reduction of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.44pt;position:var(--position);text-decoration:none;white-space:pre;width:53.07pt"><span style="background-color:inherit">$3.4 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.51pt;position:var(--position);text-decoration:none;white-space:pre;width:143.39pt"><span style="background-color:inherit"> in General and Administrative</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.94pt"><span style="background-color:inherit">expense and a reduction of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.44pt;position:var(--position);text-decoration:none;white-space:pre;width:50.87pt"><span style="background-color:inherit">$1.1 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.31pt;position:var(--position);text-decoration:none;white-space:pre;width:148.3pt"><span style="background-color:inherit"> in Sales and Operations, for the </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.61pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt"><span style="background-color:inherit">y</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.61pt;position:var(--position);text-decoration:none;white-space:pre;width:136.86pt"><span style="background-color:inherit">ear ended December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.47pt;position:var(--position);text-decoration:none;white-space:pre;width:78.52pt"><span style="background-color:inherit">. The summary of</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:271.06pt"><span style="background-color:inherit">the forfeitures by award type is presented in the tables below.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:51.489999999999995pt;position:var(--position);text-decoration:none;white-space:pre">breakdown</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.4pt;position:var(--position);text-decoration:none;white-space:pre"> of the equity award compensation expense by instrument type was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.92pt;position:var(--position);text-decoration:none;white-space:pre">as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.48pt;position:var(--position);text-decoration:none;white-space:pre"> follows:</span></div><div style="position:var(--position);top:150.75pt;width:612pt"><div style="font-size:0pt;left:37.12pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:332.25pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:201pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:45.27pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:25.5pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:72.99pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Restricted stock units and Performance stock units</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(66,736)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(61,949)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lock-up shares</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(34,013)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(33,224)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Nonemployee warrants</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.64pt"></span></span><span style="left:35.27pt;position:var(--position)">(1,822)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.64pt"></span></span><span style="left:35.27pt;position:var(--position)">(1,922)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:45.14pt"></span></span><span style="left:47.77pt;position:var(--position)">(46)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:45.14pt"></span></span><span style="left:47.77pt;position:var(--position)">(90)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total equity awards compensation expense </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:177.07pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:25.27pt;position:var(--position)">(102,617)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(97,185)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax benefit from equity awards compensation expense</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">6,886<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:30.63pt"></span></span><span style="left:33.26pt;position:var(--position)">10,086<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">7,864<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total equity awards compensation expense, net of tax effect</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(51,682)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(92,531)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(89,321)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:7.79pt">(1) </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.29pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">The periods ended </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:108.1pt;position:var(--position);text-decoration:none;white-space:pre;width:70.15pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:178.25pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:213.77pt;position:var(--position);text-decoration:none;white-space:pre;width:78.14pt">, are presented net of </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:291.91pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$5.8 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:332.29pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:350.05pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$4.0 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:390.43pt;position:var(--position);text-decoration:none;white-space:pre;width:185.45pt">, respectively, capitalized stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"> </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.93pt">relating to internally developed software.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:341pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">A detailed description of each instrument type is provided below.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:371pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Stock Units and Performance Stock Units</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.39pt">During the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.89pt;position:var(--position);text-decoration:none;white-space:pre;width:95.15pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.04pt;position:var(--position);text-decoration:none;white-space:pre;width:332.89pt">, the Company granted new equity awards under our current equity</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.47pt">compensation plans, which were comprised of restricted stock units (“RSU”), and performance-based awards for the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.35pt">Company’s senior executives, which are subject to the achievement of certain performance goals (“Financial PSU”) or to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:432.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:282.66pt">share price metrics tied to total shareholder return (“TSR PSU”).</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:468.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:italic;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Stock Units</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:187.04pt">Restricted stock units generally vest over </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.54pt;position:var(--position);text-decoration:none;white-space:pre;width:44.88pt">four years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:312.44pt">, subject to the holder’s continued service. The grant date fair value is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:336.31pt">determined by the Company's Nasdaq share price the day prior to the grant.</span></div><div style="position:var(--position);top:530.84pt;width:612pt"><div style="font-size:0pt;left:40.12pt;position:var(--position);width:527.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:384.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">Shares (RSU)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:384.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">4,422,434<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.45<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">2,465,484<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">29.14<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:15.25pt"></span></span><span style="left:17.88pt;position:var(--position)">(1,831,852)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">30.54<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(537,369)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.10<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:384.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">4,518,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.15<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.78pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.97pt">The RSUs generally vest over a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.47pt;position:var(--position);text-decoration:none;white-space:pre;width:17.22pt"><span style="-sec-ix-hidden:f-1152">four</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.69pt;position:var(--position);text-decoration:none;white-space:pre;width:377.24pt">-year period, with expense recognized on a graded vesting basis over the requisite</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.98pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:276.77pt">service period for each separately vesting tranche. A total of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.27pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">2,465,484</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.73pt;position:var(--position);text-decoration:none;white-space:pre;width:223.09pt"> shares have been granted under this plan in the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.18pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt">year </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.72pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:219.4pt">, with a weighted-average grant-date fair value of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.36pt;position:var(--position);text-decoration:none;white-space:pre;width:30.57pt">$29.14</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:710.38pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.85pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.35pt;position:var(--position);text-decoration:none;white-space:pre;width:89.11pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.45999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:428.44pt">, the Company had unrecognized stock-based compensation relating to restricted stock units of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:721.58pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:65pt">approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.11pt">$78.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.61pt;position:var(--position);text-decoration:none;white-space:pre;width:318.32pt">, which is expected to be recognized over a weighted-average period of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.93pt;position:var(--position);text-decoration:none;white-space:pre;width:41.11pt">3.1 years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.04pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:italic;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:130.68pt">Performance Stock Units</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:67.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">Performance stock units (PSUs) are subject to either internal financial performance conditions or external market</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.78pt">conditions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:103.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:68.31pt">Financial PSUs</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:130.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.4pt">Financial PSUs are earned based on the achievement of certain financial metrics, including Contribution ex-TAC,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:142.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:367.62pt">Contribution ex-TAC of Retail Media and Adjusted EBITDA. In the period ending </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.12pt;position:var(--position);text-decoration:none;white-space:pre;width:89.85pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:488.97pt;position:var(--position);text-decoration:none;white-space:pre;width:50.74pt">, a total of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.71pt;position:var(--position);text-decoration:none;white-space:pre;width:36.13pt">217,239</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:154.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:264.51pt">shares have been granted at target with a vesting period of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.01pt;position:var(--position);text-decoration:none;white-space:pre;width:50.11pt">three years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.12pt;position:var(--position);text-decoration:none;white-space:pre;width:229.75pt">. The target shares are subject to a range of vesting</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:166.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.88pt">from </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:54.379999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:14.45pt">0%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.83pt;position:var(--position);text-decoration:none;white-space:pre;width:14.11pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.94pt;position:var(--position);text-decoration:none;white-space:pre;width:25.57pt">200%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.51pt;position:var(--position);text-decoration:none;white-space:pre;width:408.49pt"> based on the performance of internal financial metrics, for a maximum number of shares of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:517pt;position:var(--position);text-decoration:none;white-space:pre;width:36.13pt">434,478</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.13pt;position:var(--position);text-decoration:none;white-space:pre;width:22.7pt">. The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:178.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.38pt">grant-date fair value is determined by the Company's Nasdaq share price the day prior to the grant. The weighted average</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:190.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.34pt">grant-date fair value of those plans is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.84pt;position:var(--position);text-decoration:none;white-space:pre;width:30.57pt">$28.27</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.41pt;position:var(--position);text-decoration:none;white-space:pre;width:213.6pt"> per share for a total fair value of approximately</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.01pt;position:var(--position);text-decoration:none;white-space:pre;width:3.3pt"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.31pt;position:var(--position);text-decoration:none;white-space:pre;width:51.08pt">$6.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.39pt;position:var(--position);text-decoration:none;white-space:pre;width:75.48pt">, to be expensed</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:202.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:254.97pt">on a straight-line basis over the respective vesting period.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:226.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:457.17pt">The number of shares granted, vesting and outstanding subject to performance conditions is as follows:</span></div><div style="position:var(--position);top:250.35pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">Shares (PSU)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:399.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">836,008<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.47<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">217,239<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">28.27<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance share adjustment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(38,264)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(322,701)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.48<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(250,143)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.67<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:399.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:127.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">442,139<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:127.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">31.89<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:421.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.82pt;position:var(--position);text-decoration:none;white-space:pre">, the Company had unrecognized stock-based compensation related to performance stock units </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:433.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">of approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.6pt;position:var(--position);text-decoration:none;white-space:pre">$3.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.15pt;position:var(--position);text-decoration:none;white-space:pre">, which is expected to be recognized over a weighted-average period of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.47pt;position:var(--position);text-decoration:none;white-space:pre">2.6 years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:469.85pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:48.29pt">TSR PSUs</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:496.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt">TSR PSUs are earned based on the Company’s total shareholder return relative to the Nasdaq Composite Index, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:508.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:244.9pt">certain other vesting conditions. In the period ending </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.4pt;position:var(--position);text-decoration:none;white-space:pre;width:90.41pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.81pt;position:var(--position);text-decoration:none;white-space:pre;width:6.85pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.66pt;position:var(--position);text-decoration:none;white-space:pre;width:36.13pt">217,239</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.79pt;position:var(--position);text-decoration:none;white-space:pre;width:166.19pt"> shares have been granted at target</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:520.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.64pt">under this plan, to be earned in </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.14pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">two</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.69pt;position:var(--position);text-decoration:none;white-space:pre;width:137.62pt"> equal tranches over a term of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.31pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt"><span style="-sec-ix-hidden:f-1181">two</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.86pt;position:var(--position);text-decoration:none;white-space:pre;width:22.82pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.68pt;position:var(--position);text-decoration:none;white-space:pre;width:50.3pt">three years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.98pt;position:var(--position);text-decoration:none;white-space:pre;width:159.98pt">, respectively. The target shares are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:156.18pt">subject to a range of vesting from </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.68pt;position:var(--position);text-decoration:none;white-space:pre;width:14.45pt">0%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.13pt;position:var(--position);text-decoration:none;white-space:pre;width:15.49pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.62pt;position:var(--position);text-decoration:none;white-space:pre;width:25.57pt">200%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.19pt;position:var(--position);text-decoration:none;white-space:pre;width:332.74pt"> for each tranche based on the TSR, for a maximum number of shares of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.13pt">434,478</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:67.63pt;position:var(--position);text-decoration:none;white-space:pre;width:200pt">. The grant-date fair value is approximatel</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.63pt;position:var(--position);text-decoration:none;white-space:pre;width:10.4pt">y </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.03pt;position:var(--position);text-decoration:none;white-space:pre;width:58.74pt">$12.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.77pt;position:var(--position);text-decoration:none;white-space:pre;width:16.5pt">, to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.27pt;position:var(--position);text-decoration:none;white-space:pre;width:222.7pt"> be expensed on a straight-line basis over the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113.33pt">respective vesting period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:580.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The grant-date fair value was determined based on a Monte-Carlo valuation model using the following key assumptions:</span></div><div style="position:var(--position);top:604.25pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:272.25pt"></td><td style="padding:0;width:272.25pt"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility of the Company</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:234.27pt;position:var(--position)"></span><span style="left:234.27pt;position:var(--position)">40.33<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility of the benchmark</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:15pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:234.27pt;position:var(--position)"></span><span style="left:234.27pt;position:var(--position)">77.41<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:30pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:239.83pt;position:var(--position)"></span><span style="left:239.83pt;position:var(--position)">3.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:45pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:249.28pt;position:var(--position)"></span><span style="left:249.28pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:681.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The number of shares granted, vested and outstanding subject to market conditions is as follows:</span></div></div><div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:403.5pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);width:69pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">Shares (TSR)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);width:69pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.36pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.77pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.95pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.63pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.17pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:403.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.72pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:52.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">259,138<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:52.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">51.28<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:67.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">217,239<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:67.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.28pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">57.03<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:82.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:82.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:97.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:25.459999999999997pt;position:var(--position)">(162,994)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:97.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.28pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">52.91<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:403.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.72pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:112.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">313,383<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:112.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">54.41<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:187.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.71pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.21pt;position:var(--position);text-decoration:none;white-space:pre;width:88.97pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.18pt;position:var(--position);text-decoration:none;white-space:pre;width:428.71pt">, the Company had unrecognized stock-based compensation related to performance stock units</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:199.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:141.85pt">based on market conditions of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.35pt;position:var(--position);text-decoration:none;white-space:pre;width:56.52pt">$11.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.87pt;position:var(--position);text-decoration:none;white-space:pre;width:332.12pt">, which is expected to be recognized over a weighted-average period of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:561.99pt;position:var(--position);text-decoration:none;white-space:pre;width:13.89pt">1.8</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.45pt">years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:55.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:235.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:underline;white-space:pre">Modification of Performance Stock Units</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:259.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">On</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.83pt;position:var(--position);text-decoration:none;white-space:pre;width:248.8pt"> December 22, 2025, the Board of Directors approved </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.63pt;position:var(--position);text-decoration:none;white-space:pre;width:58.33pt">modifications</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.96pt;position:var(--position);text-decoration:none;white-space:pre;width:223.99pt"> to the terms of certain outstanding and unvested</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:271.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:234.97pt">PSUs previously granted, as further described below.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.98pt">The modification of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.48pt;position:var(--position);text-decoration:none;white-space:pre;width:70.24pt">Financial PSUs</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.72pt;position:var(--position);text-decoration:none;white-space:pre;width:381.23pt"> amended the performance targets to allow for previously unvested and unearned</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:307.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:343.02pt">performance awards that were not probable to vest, to vest, subject to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.52pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt">three</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.3pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt">-year</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.08pt;position:var(--position);text-decoration:none;white-space:pre;width:155.82pt"> service period. This modification</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:319.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.81pt">pertained to all </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.31pt;position:var(--position);text-decoration:none;white-space:pre;width:18.9pt">nine</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.21pt;position:var(--position);text-decoration:none;white-space:pre;width:454.73pt"> grantees and was accounted for as an improbable-to-probable Type III modification under ASC 718,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:175.61pt">Compensation - Stock Compensation, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.11pt;position:var(--position);text-decoration:none;white-space:pre;width:186.19pt">resulting in no incremental compensation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.3pt;position:var(--position);text-decoration:none;white-space:pre;width:182.69pt"> expense. The fair value of the modified</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:408.27pt">performance awards was estimated using the closing stock price on the date of modification.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.42pt">The modification of TSR PSUs replaced the market condition with financial performance conditions to be determined at a</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:92.98pt">later date, subject to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.48pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt">three</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.26pt;position:var(--position);text-decoration:none;white-space:pre;width:22.78pt">-year</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.04pt;position:var(--position);text-decoration:none;white-space:pre;width:204.08pt"> service period. This modification pertained to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.12pt;position:var(--position);text-decoration:none;white-space:pre;width:201.79pt">grants awarded to our Chief Executive Officer</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:379.58pt">and was accounted for as a probable-to-probable Type I modification under </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.08pt;position:var(--position);text-decoration:none;white-space:pre;width:44.11pt">ASC 718</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.19pt;position:var(--position);text-decoration:none;white-space:pre;width:120.67pt">, resulting in incremental</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:112.46pt">compensation expense o</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:6.2pt">f </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.16pt;position:var(--position);text-decoration:none;white-space:pre;width:51.21pt">$0.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.37pt;position:var(--position);text-decoration:none;white-space:pre;width:374.54pt">, over the remaining service period, of which an immaterial amount was recognized</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:167.11pt">during year-end December 31, 2025.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.61pt;position:var(--position);text-decoration:none;white-space:pre;width:377.35pt"> The incremental fair value of the modified awards was measured as the difference</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:427.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:490.45pt">between the fair value of the modified award and the fair value of the original award as of the modification date.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:457.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Lock-up shares </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:202.54pt">On August 1, 2022, the Company transferred </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.04pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">2,960,243</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.5pt;position:var(--position);text-decoration:none;white-space:pre;width:297.37pt"> treasury shares (the “Lock-up Shares”) to the Iponweb Founder as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:494.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt">partial consideration for the Iponweb acquisition. These shares were accounted for as share-based compensation in</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.46pt">accordance with ASC 718, using the Nasdaq weighted average share price on the grant date, and the related expense was</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">recognized within Research and Development in the Consolidated Statement of Income. As of December 31, 2024, all</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:530.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:223.98pt">Lock-up Shares were fully vested, and there was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.48pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:266.6pt;position:var(--position);text-decoration:none;white-space:pre;width:309.31pt"> remaining unrecognized stock-based compensation expense related</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.32pt">to these awards.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:572.45pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Nonemployee</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:103.55pt;position:var(--position);text-decoration:none;white-space:pre"> warrants </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:192.22pt">Nonemployee warrants generally vest over </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.72pt;position:var(--position);text-decoration:none;white-space:pre;width:44.44pt">four years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:296.26pt">, subject to the holder’s continued service through the vesting date.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.42pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div></div><div style="font-size:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:573pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:0pt;left:31.5pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:253.5pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:24.75pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:33.56pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:23.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:43.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:53.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:9.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:19.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:29.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.34pt;position:var(--position);white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:39.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);white-space:pre">Contractual </span></div><div style="line-height:10pt;position:var(--position);top:49.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.65pt;position:var(--position);white-space:pre">Term </span></div><div style="line-height:9pt;position:var(--position);top:59.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:19.63pt;position:var(--position);white-space:pre">(Years)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:19.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">Aggregate </span></div><div style="line-height:10pt;position:var(--position);top:29.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.45pt;position:var(--position);white-space:pre">Intrinsic </span></div><div style="line-height:10pt;position:var(--position);top:39.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.55pt;position:var(--position);white-space:pre">Value </span></div><div style="line-height:9pt;position:var(--position);top:49.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">18.31<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">3.6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">3,528.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:104.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cancelled</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:119.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expired</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">18.31<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">2.6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">1,300.0<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Vested and exercisable - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.4pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252.92pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.5pt">The aggregate intrinsic value represents the difference between the exercise price of the nonemployee warrants and the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:576pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:264.12pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:387.5pt">fair market value of common stock on the date of exercise. During the period ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:419pt;position:var(--position);text-decoration:none;white-space:pre;width:89.91pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.91pt;position:var(--position);text-decoration:none;white-space:pre;width:55.94pt"> there were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:564.85pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:275.32pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:160pt">exercises of nonemployee warrants.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297.72pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.78pt">No</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.28pt;position:var(--position);text-decoration:none;white-space:pre;width:292.71pt"> new nonemployee warrants were granted in the year ending </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.99pt;position:var(--position);text-decoration:none;white-space:pre;width:92.11pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.1pt;position:var(--position);text-decoration:none;white-space:pre;width:37pt">. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.1pt;position:var(--position);text-decoration:none;white-space:pre;width:92.11pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:558.21pt;position:var(--position);text-decoration:none;white-space:pre;width:17.7pt">, all</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.92pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.64pt">instruments have fully vested.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:350.44pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.97pt">Stock </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:64.47pt;position:var(--position);text-decoration:none;white-space:pre;width:41.5pt">Options</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:105.97pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.64pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:391.64pt">Stock options granted under the Company’s stock incentive plans generally vest over </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.14pt;position:var(--position);text-decoration:none;white-space:pre;width:45.52pt">four years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:468.66pt;position:var(--position);text-decoration:none;white-space:pre;width:107.26pt">, subject to the holder’s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387.64pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:298.32pt">continued service through the vesting date and expire no later than </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.82pt;position:var(--position);text-decoration:none;white-space:pre;width:38.34pt">10 years</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.16pt;position:var(--position);text-decoration:none;white-space:pre;width:101.06pt"> from the date of grant.</span></div><div style="position:var(--position);top:426.04pt;width:612pt"><div style="font-size:0pt;left:42.37pt;position:var(--position);width:522.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:234.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);width:288pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.34pt;position:var(--position);text-decoration:none;white-space:pre">Options Outstanding</span></div></div></div></td></tr><tr style="height:29.25pt"><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.89pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:10pt;position:var(--position);top:15.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Shares </span></div><div style="line-height:10pt;position:var(--position);top:25.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.79pt;position:var(--position);text-decoration:none;white-space:pre">Underlying </span></div><div style="line-height:10pt;position:var(--position);top:35.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.46pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding </span></div><div style="line-height:10pt;position:var(--position);top:45.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.01pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:10.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:20.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:30.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Exercise </span></div><div style="line-height:10pt;position:var(--position);top:40.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Price</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:15.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:25.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.34pt;position:var(--position);white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:35.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);white-space:pre">Contractual </span></div><div style="line-height:10pt;position:var(--position);top:45.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.03pt;position:var(--position);white-space:pre">Term </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:33.24pt;position:var(--position);white-space:pre">(Years)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:11.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">Aggregate </span></div><div style="line-height:10pt;position:var(--position);top:21.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.45pt;position:var(--position);white-space:pre">Intrinsic </span></div><div style="line-height:10pt;position:var(--position);top:31.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.55pt;position:var(--position);white-space:pre">Value</span></div><div style="line-height:9pt;position:var(--position);top:41.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:29.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">218,681<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">20.49<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">4.5</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">4,340.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:86.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options exercised</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:101.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(111,156)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options forfeited</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:116.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:34.7pt"></span></span><span style="left:37.330000000000005pt;position:var(--position)">(1,100)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options canceled</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:131.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options expired</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:146.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(19,710)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:161.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">86,715<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">17.35<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">4.0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">276.0<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:18.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.81pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Vested and exercisable - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.4pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:191.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">86,715<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.24pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.4pt">The aggregate intrinsic value represents the difference between the exercise price of the options and the fair market value</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.24pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:490.1pt">of common stock on the date of exercise. The aggregate intrinsic value of the stock options exercised was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.6pt;position:var(--position);text-decoration:none;white-space:pre;width:51.62pt">$0.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:573.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.24pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$0.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.05pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.27pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$0.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.82pt;position:var(--position);text-decoration:none;white-space:pre;width:91.65pt"> for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.47pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.26pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.8pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:362.04pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.26pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.35pt">, respectively.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:724.24pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:12.78pt">No</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.28pt;position:var(--position);text-decoration:none;white-space:pre;width:234.41pt"> new stock options were granted in the year ending </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.69pt;position:var(--position);text-decoration:none;white-space:pre;width:89.01pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:367.7pt;position:var(--position);text-decoration:none;white-space:pre;width:23.44pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.14pt;position:var(--position);text-decoration:none;white-space:pre;width:89.01pt">December 31, 2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.15pt;position:var(--position);text-decoration:none;white-space:pre;width:32.35pt">. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.39pt">December 31,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:735.44pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.739999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:51.64pt">, there was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.38pt;position:var(--position);text-decoration:none;white-space:pre;width:11.12pt">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.79pt"> remaining unrecognized stock-based compensation related to unvested stock options.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Equity awards compensation expense recorded in the consolidated statements of operations was as follows:</span><span style="font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:510.36pt;position:var(--position);text-decoration:none;white-space:pre">  </span><div style="position:var(--position);top:574.7pt;width:612pt"><div style="font-size:0pt;left:32.25pt;position:var(--position);width:543pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);width:201pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:45.27pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:25.5pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:72.99pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  Research and Development</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(21,697)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(54,027)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(54,794)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  Sales and Operations </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(19,404)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(21,457)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(20,011)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">  General and Administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(17,467)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(27,133)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(22,380)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total equity awards compensation expense </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:177.07pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:25.27pt;position:var(--position)">(102,617)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(97,185)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax benefit from equity awards compensation expense</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">6,886<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:30.63pt"></span></span><span style="left:33.26pt;position:var(--position)">10,086<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">7,864<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:342pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:342pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total equity awards compensation expense, net of tax effect</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(51,682)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(92,531)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:478.5pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(89,321)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:717.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:7.79pt">(1) </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.29pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">The periods ended </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:108.1pt;position:var(--position);text-decoration:none;white-space:pre;width:70.15pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:178.25pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:213.77pt;position:var(--position);text-decoration:none;white-space:pre;width:78.14pt">, are presented net of </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:291.91pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$5.8 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:332.29pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:350.05pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$4.0 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:390.43pt;position:var(--position);text-decoration:none;white-space:pre;width:185.45pt">, respectively, capitalized stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"> </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:727.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.93pt">relating to internally developed software.</span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:51.489999999999995pt;position:var(--position);text-decoration:none;white-space:pre">breakdown</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.4pt;position:var(--position);text-decoration:none;white-space:pre"> of the equity award compensation expense by instrument type was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.92pt;position:var(--position);text-decoration:none;white-space:pre">as</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.48pt;position:var(--position);text-decoration:none;white-space:pre"> follows:</span><div style="position:var(--position);top:150.75pt;width:612pt"><div style="font-size:0pt;left:37.12pt;position:var(--position);width:533.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:332.25pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:64.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:201pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:45.27pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:12.75pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.25pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:25.5pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:72.99pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Restricted stock units and Performance stock units</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(66,736)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:38.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(61,949)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lock-up shares</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(34,013)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:53.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(33,224)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Nonemployee warrants</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.64pt"></span></span><span style="left:35.27pt;position:var(--position)">(1,822)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:68.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.64pt"></span></span><span style="left:35.27pt;position:var(--position)">(1,922)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:49.13pt"></span></span><span style="left:51.760000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:45.14pt"></span></span><span style="left:47.77pt;position:var(--position)">(46)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:83.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:45.14pt"></span></span><span style="left:47.77pt;position:var(--position)">(90)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Total equity awards compensation expense </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:177.07pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(58,568)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:25.27pt;position:var(--position)">(102,617)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:98.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:27.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(97,185)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax benefit from equity awards compensation expense</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">6,886<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:30.63pt"></span></span><span style="left:33.26pt;position:var(--position)">10,086<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:113.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:35.63pt"></span></span><span style="left:38.260000000000005pt;position:var(--position)">7,864<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:332.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:332.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total equity awards compensation expense, net of tax effect</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(51,682)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:400.5pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(92,531)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468.75pt;position:var(--position);top:128.25pt;width:64.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:64.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:22.64pt"></span></span><span style="left:30.27pt;position:var(--position)">(89,321)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:7.79pt">(1) </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.29pt;position:var(--position);text-decoration:none;white-space:pre;width:68.81pt">The periods ended </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:108.1pt;position:var(--position);text-decoration:none;white-space:pre;width:70.15pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:178.25pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:213.77pt;position:var(--position);text-decoration:none;white-space:pre;width:78.14pt">, are presented net of </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:291.91pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$5.8 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:332.29pt;position:var(--position);text-decoration:none;white-space:pre;width:17.76pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:350.05pt;position:var(--position);text-decoration:none;white-space:pre;width:40.38pt">$4.0 million</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:390.43pt;position:var(--position);text-decoration:none;white-space:pre;width:185.45pt">, respectively, capitalized stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"> </span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.93pt">relating to internally developed software.</span></div> 21697000 54027000 54794000 19404000 21457000 20011000 17467000 27133000 22380000 58568000 102617000 97185000 6886000 10086000 7864000 51682000 92531000 89321000 5800000 4000000.0 4500000 3400000 1100000 58568000 66736000 61949000 0 34013000 33224000 0 1822000 1922000 0 46000 90000 58568000 102617000 97185000 6886000 10086000 7864000 51682000 92531000 89321000 5800000 4000000.0 P4Y <div style="font-size:0pt;left:40.12pt;position:var(--position);width:527.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:384.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">Shares (RSU)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:384.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">4,422,434<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.45<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">2,465,484<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">29.14<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:15.25pt"></span></span><span style="left:17.88pt;position:var(--position)">(1,831,852)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">30.54<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:384.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(537,369)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.10<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:384.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:384.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:384.75pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:18.58pt"></span></span><span style="left:21.209999999999997pt;position:var(--position)">4,518,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:457.5pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.15<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 4422434 34.45 2465484 29.14 1831852 30.54 537369 34.10 4518697 33.15 2465484 29.14 78900000 P3Y1M6D 217239 P3Y 0 2 434478 28.27 6100000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:457.17pt">The number of shares granted, vesting and outstanding subject to performance conditions is as follows:</span><div style="position:var(--position);top:250.35pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:399.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">Shares (PSU)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:399.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">836,008<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:52.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.47<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">217,239<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:67.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">28.27<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance share adjustment</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(38,264)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:82.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(322,701)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:97.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">33.48<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:399.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(250,143)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:112.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">34.67<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:399.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:399.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:127.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">442,139<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:472.5pt;position:var(--position);top:127.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">31.89<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 836008 33.47 217239 28.27 -38264 0 322701 33.48 250143 34.67 442139 31.89 3900000 P2Y7M6D 217239 2 P3Y 0 2 434478 12400000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The grant-date fair value was determined based on a Monte-Carlo valuation model using the following key assumptions:</span><div style="position:var(--position);top:604.25pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:272.25pt"></td><td style="padding:0;width:272.25pt"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility of the Company</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:234.27pt;position:var(--position)"></span><span style="left:234.27pt;position:var(--position)">40.33<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility of the benchmark</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:15pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:234.27pt;position:var(--position)"></span><span style="left:234.27pt;position:var(--position)">77.41<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:30pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:239.83pt;position:var(--position)"></span><span style="left:239.83pt;position:var(--position)">3.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:272.25pt;position:var(--position);top:45pt;width:272.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:249.28pt;position:var(--position)"></span><span style="left:249.28pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:262.61pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:681.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The number of shares granted, vested and outstanding subject to market conditions is as follows:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:403.5pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td></tr><tr style="height:27pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);width:69pt"><div><div style="line-height:10pt;position:var(--position);top:22.68pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.13pt;position:var(--position);text-decoration:none;white-space:pre">Shares (TSR)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);width:69pt"><div><div style="line-height:10pt;position:var(--position);top:2.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.36pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:12.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.77pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:22.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.95pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:32.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.63pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:42.69pt;width:69pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.17pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:403.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.72pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:52.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">259,138<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:52.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">51.28<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:67.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">217,239<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:67.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.28pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">57.03<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:82.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:82.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:403.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:97.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.83pt"></span></span><span style="left:25.459999999999997pt;position:var(--position)">(162,994)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:97.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.28pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">52.91<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:403.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:403.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.72pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:403.5pt;position:var(--position);top:112.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.16pt"></span></span><span style="left:28.79pt;position:var(--position)">313,383<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:475.5pt;position:var(--position);top:112.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.72pt"></span></span><span style="left:39.910000000000004pt;position:var(--position)">54.41<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0.4033 0.7741 0.0395 0 259138 51.28 217239 57.03 0 0 162994 52.91 313383 54.41 11500000 P1Y9M18D P3Y 9 P3Y 400000 2960243 0 P4Y <div style="font-size:0pt;left:31.5pt;position:var(--position);width:541.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:253.5pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:24.75pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:33.56pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:23.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.33pt;position:var(--position);white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:43.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:53.56pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.55pt;position:var(--position);white-space:pre">Per Share</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:9.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:19.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:29.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.34pt;position:var(--position);white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:39.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);white-space:pre">Contractual </span></div><div style="line-height:10pt;position:var(--position);top:49.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.65pt;position:var(--position);white-space:pre">Term </span></div><div style="line-height:9pt;position:var(--position);top:59.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:19.63pt;position:var(--position);white-space:pre">(Years)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:19.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">Aggregate </span></div><div style="line-height:10pt;position:var(--position);top:29.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.45pt;position:var(--position);white-space:pre">Intrinsic </span></div><div style="line-height:10pt;position:var(--position);top:39.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.55pt;position:var(--position);white-space:pre">Value </span></div><div style="line-height:9pt;position:var(--position);top:49.03pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">18.31<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">3.6</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);top:74.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">3,528.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:89.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:104.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Cancelled</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:119.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:253.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expired</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">18.31<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">2.6</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:471.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">1,300.0<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:253.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:253.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Vested and exercisable - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.4pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:253.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">159,897<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div> 159897 18.31 P3Y7M6D 3528700 0 0 0 0 159897 18.31 P2Y7M6D 1300000 159897 0 0 P4Y P10Y <div style="font-size:0pt;left:42.37pt;position:var(--position);width:522.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:234.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:12.75pt"><td rowspan="3" style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);width:288pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:94.34pt;position:var(--position);text-decoration:none;white-space:pre">Options Outstanding</span></div></div></div></td></tr><tr style="height:29.25pt"><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.89pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:10pt;position:var(--position);top:15.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.21pt;position:var(--position);text-decoration:none;white-space:pre">Shares </span></div><div style="line-height:10pt;position:var(--position);top:25.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.79pt;position:var(--position);text-decoration:none;white-space:pre">Underlying </span></div><div style="line-height:10pt;position:var(--position);top:35.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.46pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding </span></div><div style="line-height:10pt;position:var(--position);top:45.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.01pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:10.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:20.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:30.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Exercise </span></div><div style="line-height:10pt;position:var(--position);top:40.68pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Price</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.73pt;position:var(--position);white-space:pre">Weighted-</span></div><div style="line-height:10pt;position:var(--position);top:15.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.15pt;position:var(--position);white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:25.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.34pt;position:var(--position);white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:35.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);white-space:pre">Contractual </span></div><div style="line-height:10pt;position:var(--position);top:45.68pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.03pt;position:var(--position);white-space:pre">Term </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:33.24pt;position:var(--position);white-space:pre">(Years)</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:12.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:11.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">Aggregate </span></div><div style="line-height:10pt;position:var(--position);top:21.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.45pt;position:var(--position);white-space:pre">Intrinsic </span></div><div style="line-height:10pt;position:var(--position);top:31.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.55pt;position:var(--position);white-space:pre">Value</span></div><div style="line-height:9pt;position:var(--position);top:41.15pt;width:69.75pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:3.92pt;position:var(--position);white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:29.25pt"><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:29.54pt;position:var(--position)">218,681<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">20.49<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">4.5</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:71.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.14pt"></span></span><span style="left:32.33pt;position:var(--position)">4,340.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:86.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options exercised</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:101.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(111,156)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options forfeited</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:116.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:34.7pt"></span></span><span style="left:37.330000000000005pt;position:var(--position)">(1,100)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options canceled</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:131.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:234.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options expired</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:146.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.14pt"></span></span><span style="left:31.77pt;position:var(--position)">(19,710)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:161.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Outstanding - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.94pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">86,715<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:307.5pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">17.35<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:380.25pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">4.0</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:453pt;position:var(--position);top:161.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">276.0<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:18.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:234.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:5.81pt;width:234.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Vested and exercisable - December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.4pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:234.75pt;position:var(--position);top:191.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:5.81pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">86,715<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div> 218681 20.49 P4Y6M 4340600 0 111156 1100 0 19710 86715 17.35 P4Y 276000.0 86715 400000 800000 200000 0 0 0 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.47pt;position:var(--position);text-decoration:none;white-space:pre">16. Financial and Other Income and Expenses</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:97.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:17.22pt">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.22pt;position:var(--position);text-decoration:none;white-space:pre;width:248.81pt"> condensed consolidated statements of income line item</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.03pt;position:var(--position);text-decoration:none;white-space:pre;width:273.94pt"> “Financial and Other Income (Expense)” can be broken down</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:109.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:46.65pt">as follows:</span></div><div style="position:var(--position);top:133.2pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial income from cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">5,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">10,068<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest and fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,461)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,824)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,244)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Foreign exchange (loss) income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,217)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(3,534)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(7,553)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discounting impact</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,767)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(5,289)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other financial income (expense)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.53pt"></span></span><span style="left:41.160000000000004pt;position:var(--position)">(171)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:41.86pt"></span></span><span style="left:44.49pt;position:var(--position)">152<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,918<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial and Other Income (Expense)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.3pt"></span></span><span style="left:44.49pt;position:var(--position)">809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,095<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,490)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:283.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:20.05pt">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:56.05pt;position:var(--position);text-decoration:none;white-space:pre;width:50.61pt">$0.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.66pt;position:var(--position);text-decoration:none;white-space:pre;width:214.97pt"> financial and other income for the period ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.63pt;position:var(--position);text-decoration:none;white-space:pre;width:87.91pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.44pt"> was mainly driven by interest income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:295.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.93pt">offset by the recognition of a negative impact of foreign exchange, including end of year non-cash marked to market, and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:307.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:163.32pt">the financial expenses related to our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.32pt;position:var(--position);text-decoration:none;white-space:pre;width:53.34pt">€407 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.66pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt"> available </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.66pt;position:var(--position);text-decoration:none;white-space:pre;width:144.24pt">Revolving Credit Facility ("RCF")</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.67pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:20.05pt">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:56.05pt;position:var(--position);text-decoration:none;white-space:pre;width:50.61pt">$3.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:106.66pt;position:var(--position);text-decoration:none;white-space:pre;width:214.97pt"> financial and other income for the period ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.63pt;position:var(--position);text-decoration:none;white-space:pre;width:87.91pt">December 31, 2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.54pt;position:var(--position);text-decoration:none;white-space:pre;width:166.44pt"> was mainly driven by interest income</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:343.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">offset by the recognition of a negative impact of foreign exchange, including end of year non-cash marked to market, the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:486.08pt">accretion of the earn-out liability related to the Iponweb acquisition, and the financial expense relating to our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:522.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:53.8pt">€407 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:64.44pt">available RCF.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:20.85pt">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:56.85pt;position:var(--position);text-decoration:none;white-space:pre;width:58.07pt">$(2.5) million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.92pt;position:var(--position);text-decoration:none;white-space:pre;width:295.01pt"> financial and other expense for the period ended December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.93pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.17pt;position:var(--position);text-decoration:none;white-space:pre;width:143.74pt"> was mainly driven by proceeds</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.97pt">from disposal of non consolidated investments fully offset by the recognition of a negative impact of foreign exchange,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:539.99pt">including end of year non-cash marked to market, the accretion of earn-out liability related to Iponweb acquisition and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:143.88pt">financial expense relating to our </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.88pt;position:var(--position);text-decoration:none;white-space:pre;width:53.34pt">€407 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.22pt;position:var(--position);text-decoration:none;white-space:pre;width:64.44pt"> available RCF</span> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:17.22pt">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.22pt;position:var(--position);text-decoration:none;white-space:pre;width:248.81pt"> condensed consolidated statements of income line item</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.03pt;position:var(--position);text-decoration:none;white-space:pre;width:273.94pt"> “Financial and Other Income (Expense)” can be broken down</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:109.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36pt;position:var(--position);text-decoration:none;white-space:pre;width:46.65pt">as follows:</span></div><div style="position:var(--position);top:133.2pt;width:612pt"><div style="font-size:0pt;left:36pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial income from cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">5,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">10,068<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest and fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,461)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,824)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:58.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,244)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Foreign exchange (loss) income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,217)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(3,534)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:73.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(7,553)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Discounting impact</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,767)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:88.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(5,289)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other financial income (expense)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.53pt"></span></span><span style="left:41.160000000000004pt;position:var(--position)">(171)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:41.86pt"></span></span><span style="left:44.49pt;position:var(--position)">152<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:103.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,918<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:336.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:336.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total financial and Other Income (Expense)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:36.3pt"></span></span><span style="left:44.49pt;position:var(--position)">809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,095<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:474.75pt;position:var(--position);top:118.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:32.83pt;position:var(--position)">(2,490)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 5658000 10068000 4678000 2461000 1824000 2244000 -2217000 -3534000 -7553000 0 1767000 5289000 -171000 152000 7918000 809000 3095000 -2490000 800000 407000000 3100000 407000000 -2500000 407000000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">17. Income Taxes</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:67.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Provision for Income </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:143.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre">Taxes</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:174.98pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:87.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The components of income from continuing operations before income taxes and the related provision for income taxes, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">disaggregated between domestic and foreign operations, are as follows:</span></div><div style="position:var(--position);top:135.15pt;width:612pt"><div style="font-size:0pt;left:34.87pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:104.25pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:48.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);width:433.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:433.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:167.69pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:14.25pt;width:137.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:137.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:58.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:14.25pt;width:145.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:145.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:14.25pt;width:144.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:144.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.37pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:28.5pt;width:48.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.83pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:28.5pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.52pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:42.75pt;width:433.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:433.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:189.24pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Pretax Income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">66,813<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:0.38pt"></span></span><span style="left:8.01pt;position:var(--position)">136,761<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:57pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:4.88pt"></span></span><span style="left:12.510000000000002pt;position:var(--position)">203,574<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:57pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">65,357<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">89,140<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.38pt"></span></span><span style="left:14.010000000000002pt;position:var(--position)">154,497<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">38,313<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">36,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">74,728<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current Tax Expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">12,999<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">48,729<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:71.25pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:14.88pt"></span></span><span style="left:17.51pt;position:var(--position)">61,728<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:71.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">9,943<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">55,881<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">65,824<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:15.38pt"></span></span><span style="left:18.01pt;position:var(--position)">3,755<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">39,917<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">43,672<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;overflow:hidden;position:var(--position);top:85.5pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Tax Expense </span></div><div style="line-height:9pt;position:var(--position);top:12.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Benefit)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.88pt"></span></span><span style="left:25.509999999999998pt;position:var(--position)">574<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:12.39pt"></span></span><span style="left:15.02pt;position:var(--position)">(8,107)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:85.5pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.89pt"></span></span><span style="left:19.52pt;position:var(--position)">(7,533)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:85.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.14pt"></span></span><span style="left:15.77pt;position:var(--position)">(1,302)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(24,738)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(26,040)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.88pt"></span></span><span style="left:25.509999999999998pt;position:var(--position)">634<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(24,222)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(23,588)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;overflow:hidden;position:var(--position);top:106.5pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Provision for </span></div><div style="line-height:9pt;position:var(--position);top:12.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">13,573<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">40,622<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:106.5pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:9.88pt"></span></span><span style="left:17.51pt;position:var(--position)">54,195<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">8,641<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">31,143<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">39,784<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:18.01pt;position:var(--position)">4,389<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">15,695<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">20,084<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.49pt">In December 2021, the Organization for Economic Cooperation and Development (OECD) released Pillar Two Model Rules</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">defining the global minimum tax, which calls for the taxation of a minimum rate of 15% for multinational companies with</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.46pt">consolidated revenue above €750 million. Numerous jurisdictions have enacted or are in the process of enacting legislation</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.42pt">to adopt a minimum effective tax rate. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.92pt;position:var(--position);text-decoration:none;white-space:pre;width:88.29pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.21pt;position:var(--position);text-decoration:none;white-space:pre;width:22.72pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.93pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.17pt;position:var(--position);text-decoration:none;white-space:pre;width:214.78pt">, the adoption of Pillar Two resulted in an impact</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.5pt">of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:43pt;position:var(--position);text-decoration:none;white-space:pre;width:50.95pt">$0.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.95pt;position:var(--position);text-decoration:none;white-space:pre;width:23.02pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.97pt;position:var(--position);text-decoration:none;white-space:pre;width:50.95pt">$3.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:167.92pt;position:var(--position);text-decoration:none;white-space:pre;width:408.06pt"> respectively recognized in Provision for income taxes within the Consolidated Statement of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.39pt">Operations. The Company will continue to assess the ongoing impact of Pillar Two as additional guidance becomes</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:42.23pt">available.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:524.94pt">On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted, introducing significant changes to both </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:556.44pt;position:var(--position);text-decoration:none;white-space:pre;width:19.42pt">U.S.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt">domestic and international tax provisions. The legislation did not have a material impact on our income tax expense for the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.05pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.79pt">year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.28999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.08pt;position:var(--position);text-decoration:none;white-space:pre;width:300.3pt"> and did not have a material impact on our effective income tax rate.</span></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Reconciliation of the French Statutory Income Tax Rate to the Effective Income Tax Rate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:73.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following tables </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.59pt;position:var(--position);text-decoration:none;white-space:pre">shows</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.93pt;position:var(--position);text-decoration:none;white-space:pre"> the reconciliation between the effective and standard French rate of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.58pt;position:var(--position);text-decoration:none;white-space:pre">25.8%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.92pt;position:var(--position);text-decoration:none;white-space:pre"> after the adoption of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:85.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU 2023-09 is as follows: </span></div><div style="position:var(--position);top:115.95pt;width:612pt"><div style="font-size:0pt;left:64.5pt;position:var(--position);width:478.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:365.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);width:113.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:113.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:15.75pt;width:113.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:113.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.11pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax expense at French Statutory Rate</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:31.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">52,563<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / decrease in tax expense arising from:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Nontaxable or nondeductible items</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.28pt"></span></span><span style="left:35.910000000000004pt;position:var(--position)">(828)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:63pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(0.4)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Income eligible to reduced taxation rate </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:168.79999999999998pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:78.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(9,273)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(4.6)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Changes in Unrecognized Tax Benefit</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:94.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">10,359<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:94.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">5.1<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,368<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:110.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Tax effects</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">USA</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Statutory tax rate difference between U.S. and France</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:157.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(3,709)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(1.8)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">State and Local Taxes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:173.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">2,734<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:173.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.3<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:189pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,541<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:189pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.84pt"></span></span><span style="left:41.470000000000006pt;position:var(--position)">(62)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:204.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.28pt;position:var(--position)"></span><span style="left:30.28pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:220.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:236.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">State and Local Taxes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:236.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,204<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:236.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:252pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.28pt"></span></span><span style="left:35.910000000000004pt;position:var(--position)">(710)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:252pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(0.3)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">UK</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:283.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Valuation Allowance Release</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:283.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(9,735)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:283.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(4.8)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:299.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:299.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">459<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:299.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">0.2<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Other Foreign</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:330.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:330.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">2,284<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:330.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.1<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:346.5pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Provision for Income Taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:346.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">54,195<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:362.25pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:362.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.83pt;position:var(--position)"></span><span style="left:20.83pt;position:var(--position)">26.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:507.91pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> Income eligible to reduced taxation rate refers to the application of a reduced income tax rate on the majority of the technology royalties income</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">A reconciliation of the provision for income taxes to the amount computed by applying the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.66pt;position:var(--position);text-decoration:none;white-space:pre">25.8%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457pt;position:var(--position);text-decoration:none;white-space:pre"> French statutory income </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">tax rate to income before income taxes for years prior to the adoption of ASU 2023-09 is as follows:</span></div><div style="position:var(--position);top:78.75pt;width:612pt"><div style="font-size:0pt;left:70.87pt;position:var(--position);width:465.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:306pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:156pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.77pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td><td colspan="4" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:33.75pt;width:156pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.49pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="4" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax expense at French Statutory Rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">39,891<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">19,295<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / decrease in tax expense arising from:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">French Research Tax Credit,</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:italic;font-weight:normal;left:123.64999999999999pt;position:var(--position);white-space:pre"> Crédit d’Impôt Recherche </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:230.57999999999998pt;position:var(--position);white-space:pre">(“CIR”)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:81.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(1,809)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:81.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(2,376)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Shared-based Compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:96.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">5,722<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:96.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">8,764<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Non-tax deductible provision from loss contingency on regulatory matters </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:13.78pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">(see </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:29.369999999999997pt;position:var(--position);text-decoration:none;white-space:pre">Note 19</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:60.86pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:111.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:50.88pt"></span></span><span style="left:53.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:111.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,546)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible Expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:136.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">7,745<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:136.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">5,274<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Non recognition of deferred tax assets </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:151.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">366<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:151.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">878<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Utilization or recognition of previously unrecognized tax losses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,839)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(1,760)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:181.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">French Business Tax "</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:98.38pt;position:var(--position);white-space:pre">Cotisation sur la Valeur Ajoutée des </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Entreprises</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:49.78pt;position:var(--position);white-space:pre">"</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:52.61pt;position:var(--position);white-space:pre"> ("CVAE")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:181.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.53pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">1,237<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:181.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.53pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">1,593<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Income eligible to reduced taxation rate </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:168.79999999999998pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:204.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,795)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:204.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(4,341)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Effect of different tax rates</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:219.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">292<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:219.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:41.89pt"></span></span><span style="left:44.52pt;position:var(--position)">(922)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Other differences</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:234.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(2,026)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:234.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:41.89pt"></span></span><span style="left:44.52pt;position:var(--position)">(775)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:249.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provision for income taxes</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:249.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:27.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">39,784<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:249.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:27.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">20,084<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:264.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.01pt;position:var(--position)"></span><span style="left:45.01pt;position:var(--position)">25.8<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span><span style="left:65.5pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:264.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.01pt;position:var(--position)"></span><span style="left:45.01pt;position:var(--position)">26.9<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span><span style="left:65.5pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:375.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:6.35pt">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre;width:507.87pt"> Income eligible to reduced taxation rate refers to the application of a reduced income tax rate on the majority of the technology royalties income</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:545.72pt;position:var(--position);text-decoration:none;white-space:pre;width:2.22pt"> </span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:404.66pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Tax Assets and Liabilities </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.98pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.15pt;position:var(--position);text-decoration:none;white-space:pre">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.82pt;position:var(--position);text-decoration:none;white-space:pre"> shows the changes in the major sources of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.02pt;position:var(--position);text-decoration:none;white-space:pre"> deferred tax assets and liabilities: </span></div><div style="position:var(--position);top:449.98pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:251.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:280.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:280.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:78.88pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:32.25pt;width:280.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:280.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:112.74pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net deferred tax assets :</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:17.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangibles including capitalized R&amp;D costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">53,599<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">49,296<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">24,340<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Net operating loss carryforwards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">14,983<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">14,330<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">17,734<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel-related accruals</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">9,834<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">10,104<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">9,958<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Shared-based Compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">8,282<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">12,328<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">6,067<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax Credits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,896<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,917<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,788<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Bad debt allowance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,732<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,034<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">7,389<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,260<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,843<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">6,769<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Other accruals</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">2,797<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">2,708<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">3,346<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Deferred Tax Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:43.1pt"></span></span><span style="left:51.29pt;position:var(--position)">104,383<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:43.1pt"></span></span><span style="left:51.29pt;position:var(--position)">104,560<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">81,391<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Valuation allowance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(18,979)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(27,621)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(29,794)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Deferred Tax Assets, net of valuation allowance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">85,404<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">76,939<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">51,597<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">Amounts recognized in our Consolidated Financial Statements are calculated at the level of each subsidiary within our</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:54.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:197.75pt">Consolidated Financial Statements. As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.25pt;position:var(--position);text-decoration:none;white-space:pre;width:92.91pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.16pt;position:var(--position);text-decoration:none;white-space:pre;width:8.1pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.26pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.34pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.84pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:402.08pt;position:var(--position);text-decoration:none;white-space:pre;width:173.9pt">, the valuation allowance against net</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:66.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:163.19pt">deferred income taxes amounted to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.69pt;position:var(--position);text-decoration:none;white-space:pre;width:51.19pt">19.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.88pt;position:var(--position);text-decoration:none;white-space:pre;width:6.18pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.06pt;position:var(--position);text-decoration:none;white-space:pre;width:51.19pt">27.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.25pt;position:var(--position);text-decoration:none;white-space:pre;width:23.5pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.75pt;position:var(--position);text-decoration:none;white-space:pre;width:51.19pt">29.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.94pt;position:var(--position);text-decoration:none;white-space:pre;width:198.04pt">, respectively, which related mainly to Criteo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:78.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:31.99pt">Corp. (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.489999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$5.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.49pt;position:var(--position);text-decoration:none;white-space:pre;width:6.99pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.48pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$5.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.48pt;position:var(--position);text-decoration:none;white-space:pre;width:25.12pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.6pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$5.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.6pt;position:var(--position);text-decoration:none;white-space:pre;width:133.51pt">, respectively), Criteo Brazil (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.11pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$0.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:437.11pt;position:var(--position);text-decoration:none;white-space:pre;width:6.99pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.1pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$0.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.1pt;position:var(--position);text-decoration:none;white-space:pre;width:25.12pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.22pt;position:var(--position);text-decoration:none;white-space:pre;width:52pt">$2.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:573.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:121.08pt">respectively), Criteo UK (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:53.89pt">$0.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.47pt;position:var(--position);text-decoration:none;white-space:pre;width:8.88pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.35pt;position:var(--position);text-decoration:none;white-space:pre;width:53.89pt">$9.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.24pt;position:var(--position);text-decoration:none;white-space:pre;width:28.9pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.14pt;position:var(--position);text-decoration:none;white-space:pre;width:59.45pt">$10.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.59pt;position:var(--position);text-decoration:none;white-space:pre;width:161.65pt">, respectively), Criteo Singapore (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.24pt;position:var(--position);text-decoration:none;white-space:pre;width:53.89pt">$0.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:573.13pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.69pt">$0.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.19pt;position:var(--position);text-decoration:none;white-space:pre;width:22.5pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.69pt;position:var(--position);text-decoration:none;white-space:pre;width:50.69pt">$1.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.38pt;position:var(--position);text-decoration:none;white-space:pre;width:158.95pt">, respectively), Criteo Australia Pty (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.33pt;position:var(--position);text-decoration:none;white-space:pre;width:50.69pt">$4.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.02pt;position:var(--position);text-decoration:none;white-space:pre;width:5.68pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.7pt;position:var(--position);text-decoration:none;white-space:pre;width:50.69pt">$2.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.39pt;position:var(--position);text-decoration:none;white-space:pre;width:22.5pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.89pt;position:var(--position);text-decoration:none;white-space:pre;width:50.69pt">$2.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.58pt;position:var(--position);text-decoration:none;white-space:pre;width:81.38pt">, respectively) and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.64pt">Criteo France (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.14pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$9.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.69pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$8.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.78pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$5.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:277.55pt;position:var(--position);text-decoration:none;white-space:pre;width:64.42pt">, respectively).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:106.95pt">During the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.45pt;position:var(--position);text-decoration:none;white-space:pre;width:90.43pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.88pt;position:var(--position);text-decoration:none;white-space:pre;width:295.2pt">, the Company released a valuation allowance of approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:51.87pt">$9.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:236.05pt">related to deferred tax assets in the United Kingdom, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.55pt;position:var(--position);text-decoration:none;white-space:pre;width:37.77pt">primarily</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.32pt;position:var(--position);text-decoration:none;white-space:pre;width:158.09pt"> as a result of sustained profitability.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:336.91pt">The Company mainly has net operating loss carryforwards in the U.S. for </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.41pt;position:var(--position);text-decoration:none;white-space:pre;width:57.11pt">$35.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.52pt;position:var(--position);text-decoration:none;white-space:pre;width:150.41pt"> in various states, which begin to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:347.07pt">expire in 2031 and net operating loss carryforwards in the United Kingdom for </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.57pt;position:var(--position);text-decoration:none;white-space:pre;width:56.23pt">$30.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.8pt;position:var(--position);text-decoration:none;white-space:pre;width:141.14pt">, which have no expiration date.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.59pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.22pt">The company has </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.72pt;position:var(--position);text-decoration:none;white-space:pre;width:50.55pt">$5.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.27pt;position:var(--position);text-decoration:none;white-space:pre;width:329.12pt"> of state R&amp;D tax credits in the US, which can be carry-forward indefinitely.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.34pt">Utilization of our net operating loss and tax credit carryforwards in the US may be subject to annual limitations due to the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.84pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.4pt">ownership change limitations provided by the IRS Code 382 and similar state provisions. Such annual limitations could</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:433.78pt">result in the expiration of the net operating loss and tax credit carryforwards before their utilization.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:465.28pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.11pt">As of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:57.61pt;position:var(--position);text-decoration:none;white-space:pre;width:88.37pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:46.41pt">, we have </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.39pt;position:var(--position);text-decoration:none;white-space:pre;width:13.89pt">not</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.28pt;position:var(--position);text-decoration:none;white-space:pre;width:369.64pt"> provided deferred taxes on unremitted earnings related to foreign subsidiaries. We</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.44pt">intend to continue to reinvest these foreign earnings indefinitely and do not expect to incur any significant taxes related to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:65pt">such amounts.</span></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.35pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:125.15pt">Uncertain Tax Positions</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:156.65pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.15pt;position:var(--position);text-decoration:none;white-space:pre">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.82pt;position:var(--position);text-decoration:none;white-space:pre"> summarizes the activity related to our gross unrecognized tax benefits during the years ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:365.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.29pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.83pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.07pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.29pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.53pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:389.55pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:308.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);width:230.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:230.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:53.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:33.75pt;width:230.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:230.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:84.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Beginning balance of unrecognized tax benefits</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">12,428<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">12,229<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">13,315<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Increases (Decreases) related to current year tax positions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">10,344<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.86pt"></span></span><span style="left:53.49pt;position:var(--position)">199<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.2pt"></span></span><span style="left:41.830000000000005pt;position:var(--position)">(1,086)</span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance of unrecognized tax benefits (excluding interest and </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">penalties)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">22,772<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">12,428<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">12,229<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest and penalties associated with unrecognized tax benefits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">7,207<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">5,589<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">4,558<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance of unrecognized tax benefits (including interest and </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">penalties)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">29,979<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">18,017<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">16,787<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:107.63pt">During the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.13pt;position:var(--position);text-decoration:none;white-space:pre;width:90.77pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.9pt;position:var(--position);text-decoration:none;white-space:pre;width:326.55pt">, the Company recorded an unrecognized tax benefit of approximately </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:556.45pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt">$8.4</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:565.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.42pt">million related to certain income tax positions associated with stock-based compensation, based on management’s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:248.84pt">evaluation of the relevant facts and circumstances as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:87.79pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.13pt;position:var(--position);text-decoration:none;white-space:pre;width:133.3pt">, in accordance with ASC 740.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:601.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">The Company files income tax returns in France, the United States (at the federal and state levels), and various other</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:613.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt">foreign jurisdictions, and is subject to income tax examinations by tax authorities in these jurisdictions. The Company is</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:203.66pt">currently under examination in France for the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.16pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2022</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.4pt;position:var(--position);text-decoration:none;white-space:pre;width:22.8pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.2pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.44pt;position:var(--position);text-decoration:none;white-space:pre;width:273.38pt"> tax years. Other tax years and jurisdictions remain subject to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:637.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.38pt">examination under applicable statutes of limitations. The ultimate resolution of uncertain tax positions depends on the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:649.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">interpretation of applicable tax laws and regulations and may be affected by future developments, including examination</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">outcomes, changes in facts and circumstances, or the expiration of applicable statutes of limitations. Management</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.44pt">evaluates uncertain tax positions based on the relevant risks, facts, and circumstances existing at each reporting date and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:685.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.45pt">believes that the recorded liabilities adequately reflect these uncertainties. Actual outcomes may differ from management’s</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:697.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:337.7pt">estimates and could affect the Company’s effective income tax rate in future </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.2pt;position:var(--position);text-decoration:none;white-space:pre;width:35.56pt">periods.</span></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:149.59pt">Cash Paid For Income Taxes</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:181.09pt;position:var(--position);text-decoration:none;white-space:pre;width:3.05pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:67.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:30.33pt">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.83pt;position:var(--position);text-decoration:none;white-space:pre;width:35.34pt">llowing </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.17pt;position:var(--position);text-decoration:none;white-space:pre;width:16.11pt">tabl</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.28pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">e</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.84pt;position:var(--position);text-decoration:none;white-space:pre;width:457.14pt"> presents the Company’s cash income taxes paid (net of refunds), including the total amount and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.07pt">amounts paid in individual foreign jurisdictions that exceeded 5 percent of total cash income taxes paid:</span></div><div style="position:var(--position);top:103.95pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:135.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:135.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:135.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);width:413.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:413.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:145.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:31.5pt;width:413.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.5pt;width:413.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:179.11pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:106.66pt;position:var(--position)">1,806<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:106.8pt"></span></span><span style="left:114.99pt;position:var(--position)">614<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:106.66pt;position:var(--position)">2,382<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">US</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">47,660<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">29,376<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">28,840<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">8,349<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,624<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:119.04pt"></span></span><span style="left:121.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">5,184<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:119.04pt"></span></span><span style="left:121.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Other Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">7,115<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,822<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">6,281<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">64,930<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">40,705<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">40,127<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The components of income from continuing operations before income taxes and the related provision for income taxes, </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">disaggregated between domestic and foreign operations, are as follows:</span></div><div style="position:var(--position);top:135.15pt;width:612pt"><div style="font-size:0pt;left:34.87pt;position:var(--position);width:537.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:104.25pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:48.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:44.25pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);width:433.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:433.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:167.69pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:14.25pt;width:137.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:137.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:58.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:14.25pt;width:145.5pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:145.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:14.25pt;width:144.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:144.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:62.37pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:28.5pt;width:48.75pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.83pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:28.5pt;width:45pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.52pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:28.5pt;width:44.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.14pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.48pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:28.5pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:42.75pt;width:433.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:433.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:189.24pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Pretax Income</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">66,813<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:0.38pt"></span></span><span style="left:8.01pt;position:var(--position)">136,761<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:57pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:4.88pt"></span></span><span style="left:12.510000000000002pt;position:var(--position)">203,574<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:57pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.13pt"></span></span><span style="left:13.760000000000002pt;position:var(--position)">65,357<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">89,140<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:6.38pt"></span></span><span style="left:14.010000000000002pt;position:var(--position)">154,497<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:57pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">38,313<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">36,415<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:57pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">74,728<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.31pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current Tax Expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">12,999<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">48,729<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:71.25pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:14.88pt"></span></span><span style="left:17.51pt;position:var(--position)">61,728<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:71.25pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">9,943<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">55,881<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">65,824<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:71.25pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:15.38pt"></span></span><span style="left:18.01pt;position:var(--position)">3,755<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">39,917<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:71.25pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">43,672<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;overflow:hidden;position:var(--position);top:85.5pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Tax Expense </span></div><div style="line-height:9pt;position:var(--position);top:12.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Benefit)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.88pt"></span></span><span style="left:25.509999999999998pt;position:var(--position)">574<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:12.39pt"></span></span><span style="left:15.02pt;position:var(--position)">(8,107)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:85.5pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:16.89pt"></span></span><span style="left:19.52pt;position:var(--position)">(7,533)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:85.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.14pt"></span></span><span style="left:15.77pt;position:var(--position)">(1,302)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(24,738)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(26,040)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:85.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:22.88pt"></span></span><span style="left:25.509999999999998pt;position:var(--position)">634<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(24,222)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:85.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:13.39pt"></span></span><span style="left:16.02pt;position:var(--position)">(23,588)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:21pt;overflow:hidden;position:var(--position);top:106.5pt;width:104.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Provision for </span></div><div style="line-height:9pt;position:var(--position);top:12.75pt;width:104.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:104.25pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">13,573<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:5.38pt"></span></span><span style="left:13.010000000000002pt;position:var(--position)">40,622<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192.75pt;position:var(--position);top:106.5pt;width:48.75pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:48.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:9.88pt"></span></span><span style="left:17.51pt;position:var(--position)">54,195<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:244.5pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:45pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.13pt"></span></span><span style="left:18.759999999999998pt;position:var(--position)">8,641<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">31,143<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">39,784<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393pt;position:var(--position);top:106.5pt;width:44.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:44.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:10.38pt"></span></span><span style="left:18.01pt;position:var(--position)">4,389<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:437.25pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">15,695<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:487.5pt;position:var(--position);top:106.5pt;width:50.25pt"><div><div style="line-height:9pt;position:var(--position);top:7.4pt;width:50.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:11.38pt"></span></span><span style="left:19.009999999999998pt;position:var(--position)">20,084<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 66813000 136761000 203574000 65357000 89140000 154497000 38313000 36415000 74728000 12999000 48729000 61728000 9943000 55881000 65824000 3755000 39917000 43672000 574000 -8107000 -7533000 -1302000 -24738000 -26040000 634000 -24222000 -23588000 13573000 40622000 54195000 8641000 31143000 39784000 4389000 15695000 20084000 700000 3000000.0 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following tables </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.59pt;position:var(--position);text-decoration:none;white-space:pre">shows</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.93pt;position:var(--position);text-decoration:none;white-space:pre"> the reconciliation between the effective and standard French rate of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.58pt;position:var(--position);text-decoration:none;white-space:pre">25.8%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.92pt;position:var(--position);text-decoration:none;white-space:pre"> after the adoption of </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:85.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU 2023-09 is as follows: </span></div><div style="position:var(--position);top:115.95pt;width:612pt"><div style="font-size:0pt;left:64.5pt;position:var(--position);width:478.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:365.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);width:113.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:113.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:47.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:15.75pt;width:113.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:113.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.11pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax expense at French Statutory Rate</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:31.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">52,563<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / decrease in tax expense arising from:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Nontaxable or nondeductible items</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.28pt"></span></span><span style="left:35.910000000000004pt;position:var(--position)">(828)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:63pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(0.4)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Income eligible to reduced taxation rate </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:168.79999999999998pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:78.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(9,273)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:78.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(4.6)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Changes in Unrecognized Tax Benefit</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:94.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">10,359<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:94.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">5.1<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:110.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,368<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:110.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Tax effects</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">USA</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Statutory tax rate difference between U.S. and France</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:157.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(3,709)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:157.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(1.8)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">State and Local Taxes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:173.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">2,734<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:173.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.3<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:189pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,541<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:189pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.7<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.84pt"></span></span><span style="left:41.470000000000006pt;position:var(--position)">(62)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:204.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.28pt;position:var(--position)"></span><span style="left:30.28pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:220.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:236.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">State and Local Taxes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:236.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">3,204<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:236.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:252pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.28pt"></span></span><span style="left:35.910000000000004pt;position:var(--position)">(710)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:252pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(0.3)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">UK</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:283.5pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Valuation Allowance Release</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:283.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.95pt"></span></span><span style="left:27.58pt;position:var(--position)">(9,735)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:283.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:23.06pt;position:var(--position)"></span><span style="left:23.06pt;position:var(--position)">(4.8)</span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:299.25pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:299.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">459<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:299.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">0.2<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:315pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Other Foreign</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:330.75pt;width:365.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:21.38pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:330.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">2,284<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:330.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.39pt;position:var(--position)"></span><span style="left:26.39pt;position:var(--position)">1.1<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:346.5pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Provision for Income Taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:365.25pt;position:var(--position);top:346.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:25.349999999999998pt;position:var(--position)">54,195<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:362.25pt;width:365.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:365.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:362.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:53.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.83pt;position:var(--position)"></span><span style="left:20.83pt;position:var(--position)">26.6<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span><span style="left:43.61pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:507.91pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre"> Income eligible to reduced taxation rate refers to the application of a reduced income tax rate on the majority of the technology royalties income</span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">A reconciliation of the provision for income taxes to the amount computed by applying the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.66pt;position:var(--position);text-decoration:none;white-space:pre">25.8%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457pt;position:var(--position);text-decoration:none;white-space:pre"> French statutory income </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:54.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">tax rate to income before income taxes for years prior to the adoption of ASU 2023-09 is as follows:</span></div><div style="position:var(--position);top:78.75pt;width:612pt"><div style="font-size:0pt;left:70.87pt;position:var(--position);width:465.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:306pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:156pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:22.77pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td><td colspan="4" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:27.12pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:33.75pt;width:156pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.49pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td colspan="4" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax expense at French Statutory Rate</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">39,891<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:32.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">19,295<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase / decrease in tax expense arising from:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">French Research Tax Credit,</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:italic;font-weight:normal;left:123.64999999999999pt;position:var(--position);white-space:pre"> Crédit d’Impôt Recherche </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:230.57999999999998pt;position:var(--position);white-space:pre">(“CIR”)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:81.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(1,809)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:81.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(2,376)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Shared-based Compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:96.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">5,722<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:96.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">8,764<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.78pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Non-tax deductible provision from loss contingency on regulatory matters </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:13.78pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">(see </span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:29.369999999999997pt;position:var(--position);text-decoration:none;white-space:pre">Note 19</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:60.86pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:111.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:50.88pt"></span></span><span style="left:53.510000000000005pt;position:var(--position)">—<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:111.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:9.28pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,546)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible Expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:136.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">7,745<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:136.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">5,274<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Non recognition of deferred tax assets </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:151.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">366<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:151.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">878<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Utilization or recognition of previously unrecognized tax losses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,839)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:166.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(1,760)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:181.5pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">French Business Tax "</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:98.38pt;position:var(--position);white-space:pre">Cotisation sur la Valeur Ajoutée des </span></div><div style="line-height:9pt;position:var(--position);top:13.03pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:italic;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Entreprises</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:49.78pt;position:var(--position);white-space:pre">"</span><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:52.61pt;position:var(--position);white-space:pre"> ("CVAE")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:181.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.53pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">1,237<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:181.5pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:8.53pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:37.38pt"></span></span><span style="left:40.010000000000005pt;position:var(--position)">1,593<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Income eligible to reduced taxation rate </span><span style="font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:168.79999999999998pt;position:var(--position);top:-2.2925pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:204.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(5,795)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:204.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(4,341)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Effect of different tax rates</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:219.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:44.88pt"></span></span><span style="left:47.510000000000005pt;position:var(--position)">292<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:219.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:41.89pt"></span></span><span style="left:44.52pt;position:var(--position)">(922)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Other differences</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:234.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:34.39pt"></span></span><span style="left:37.02pt;position:var(--position)">(2,026)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:234.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.55pt;width:41.89pt"></span></span><span style="left:44.52pt;position:var(--position)">(775)<span style="display:inline-block;height:6.55pt;width:8pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:249.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Provision for income taxes</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:249.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:27.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">39,784<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:249.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.55pt;width:27.38pt"></span></span><span style="left:35.010000000000005pt;position:var(--position)">20,084<span style="display:inline-block;height:6.55pt;width:10.99pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:306pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:306pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:313.5pt;position:var(--position);top:264.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.01pt;position:var(--position)"></span><span style="left:45.01pt;position:var(--position)">25.8<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span><span style="left:65.5pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:391.5pt;position:var(--position);top:264.75pt;width:74.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:45.01pt;position:var(--position)"></span><span style="left:45.01pt;position:var(--position)">26.9<span style="display:inline-block;height:6.55pt;width:2.99pt"></span></span><span style="left:65.5pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre;width:6.35pt">(1)</span><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:37.85pt;position:var(--position);text-decoration:none;white-space:pre;width:507.87pt"> Income eligible to reduced taxation rate refers to the application of a reduced income tax rate on the majority of the technology royalties income</span> 0.258 52563000 -828000 -0.004 9273000 0.046 10359000 0.051 3368000 0.017 -3709000 -0.018 2734000 0.013 3541000 0.017 -62000 0 3204000 0.016 -710000 -0.003 -9735000 -0.048 459000 0.002 2284000 0.011 54195000 0.266 0.258 39891000 19295000 1809000 2376000 5722000 8764000 0 -5546000 7745000 5274000 366000 878000 5839000 1760000 1237000 1593000 5795000 4341000 292000 -922000 -2026000 -775000 39784000 20084000 0.258 0.269 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.15pt;position:var(--position);text-decoration:none;white-space:pre">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.82pt;position:var(--position);text-decoration:none;white-space:pre"> shows the changes in the major sources of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.02pt;position:var(--position);text-decoration:none;white-space:pre"> deferred tax assets and liabilities: </span><div style="position:var(--position);top:449.98pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:535.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:251.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:91.5pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:280.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:280.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:78.88pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:17.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:34.63pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:32.25pt;width:280.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.87pt;width:280.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:112.74pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net deferred tax assets :</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:17.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangibles including capitalized R&amp;D costs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">53,599<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">49,296<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:61.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.06pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">24,340<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Net operating loss carryforwards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">14,983<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">14,330<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:78.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">17,734<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel-related accruals</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">9,834<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">10,104<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:93pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">9,958<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Shared-based Compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">8,282<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:54.22pt"></span></span><span style="left:56.85pt;position:var(--position)">12,328<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:107.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">6,067<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:121.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax Credits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,896<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,917<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:121.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,788<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Bad debt allowance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,732<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">5,034<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:135.75pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">7,389<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,260<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">4,843<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:150pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">6,769<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Other accruals</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">2,797<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">2,708<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:164.25pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:59.78pt"></span></span><span style="left:62.410000000000004pt;position:var(--position)">3,346<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Deferred Tax Assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:43.1pt"></span></span><span style="left:51.29pt;position:var(--position)">104,383<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:43.1pt"></span></span><span style="left:51.29pt;position:var(--position)">104,560<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:178.5pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">81,391<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Valuation allowance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(18,979)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(27,621)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:207pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.89pt"></span></span><span style="left:53.52pt;position:var(--position)">(29,794)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234pt;width:251.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:251.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Deferred Tax Assets, net of valuation allowance</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">85,404<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">76,939<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:234pt;width:91.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:91.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:48.66pt"></span></span><span style="left:56.85pt;position:var(--position)">51,597<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 53599000 49296000 24340000 14983000 14330000 17734000 9834000 10104000 9958000 8282000 12328000 6067000 5896000 5917000 5788000 4732000 5034000 7389000 4260000 4843000 6769000 2797000 2708000 3346000 104383000 104560000 81391000 18979000 27621000 29794000 85404000 76939000 51597000 19000000.0 27600000 29800000 5900000 5900000 5700000 0.0 0.0 2700000 0.0 9300000 10700000 0.0 0.0 1200000 4000000.0 2900000 2900000 9000000.0 8700000 5000000.0 -9700000 35400000 30400000 5900000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.15pt;position:var(--position);text-decoration:none;white-space:pre">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:114.82pt;position:var(--position);text-decoration:none;white-space:pre"> summarizes the activity related to our gross unrecognized tax benefits during the years ended </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:365.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:119.29pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.83pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.07pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.29pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.53pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:389.55pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:308.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:74.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);width:230.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:230.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:53.76pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:15pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:26pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:33.75pt;width:230.25pt"><div><div style="line-height:9pt;position:var(--position);top:4.4pt;width:230.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:84.17pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Beginning balance of unrecognized tax benefits</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">12,428<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">12,229<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:52.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">13,315<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Increases (Decreases) related to current year tax positions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">10,344<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:50.86pt"></span></span><span style="left:53.49pt;position:var(--position)">199<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:67.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.2pt"></span></span><span style="left:41.830000000000005pt;position:var(--position)">(1,086)</span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance of unrecognized tax benefits (excluding interest and </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">penalties)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">22,772<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">12,428<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:82.5pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.97pt"></span></span><span style="left:39.6pt;position:var(--position)">12,229<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest and penalties associated with unrecognized tax benefits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">7,207<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">5,589<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:107.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.53pt"></span></span><span style="left:45.160000000000004pt;position:var(--position)">4,558<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:308.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ending balance of unrecognized tax benefits (including interest and </span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:308.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">penalties)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">29,979<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">18,017<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:468pt;position:var(--position);top:122.25pt;width:74.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:74.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.41pt"></span></span><span style="left:39.6pt;position:var(--position)">16,787<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 12428000 12229000 13315000 10344000 199000 1086000 22772000 12428000 12229000 7207000 5589000 4558000 29979000 18017000 16787000 8400000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:30.33pt">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:61.83pt;position:var(--position);text-decoration:none;white-space:pre;width:35.34pt">llowing </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.17pt;position:var(--position);text-decoration:none;white-space:pre;width:16.11pt">tabl</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.28pt;position:var(--position);text-decoration:none;white-space:pre;width:5.56pt">e</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.84pt;position:var(--position);text-decoration:none;white-space:pre;width:457.14pt"> presents the Company’s cash income taxes paid (net of refunds), including the total amount and</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.07pt">amounts paid in individual foreign jurisdictions that exceeded 5 percent of total cash income taxes paid:</span></div><div style="position:var(--position);top:103.95pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:544.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:131.25pt"></td><td style="padding:0;width:135.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:135.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:135.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);width:413.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:413.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:145.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:15.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:56.75pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:31.5pt;width:413.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.5pt;width:413.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:179.11pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:106.66pt;position:var(--position)">1,806<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:106.8pt"></span></span><span style="left:114.99pt;position:var(--position)">614<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:45.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:106.66pt;position:var(--position)">2,382<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">US</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">47,660<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">29,376<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:77.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:98.47pt"></span></span><span style="left:101.1pt;position:var(--position)">28,840<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">8,349<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:93pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,624<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Spain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:119.04pt"></span></span><span style="left:121.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">5,184<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:108.75pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:119.04pt"></span></span><span style="left:121.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Other Foreign</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">7,115<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">2,822<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:124.5pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:104.03pt"></span></span><span style="left:106.66pt;position:var(--position)">6,281<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:131.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:131.25pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">64,930<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:270pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">40,705<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408.75pt;position:var(--position);top:140.25pt;width:135.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.31pt;width:135.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:92.91pt"></span></span><span style="left:101.1pt;position:var(--position)">40,127<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1806000 614000 2382000 47660000 29376000 28840000 8349000 2709000 2624000 0 5184000 0 7115000 2822000 6281000 64930000 40705000 40127000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">18. Earnings Per Share</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:356.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Basic </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:63.87pt;position:var(--position);text-decoration:none;white-space:pre">Earnings Per </span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:134.7pt;position:var(--position);text-decoration:none;white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:165.24pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.71pt">The components of Basic EPS for the years ended December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.21pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.45pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.99pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.23pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.45pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.69pt;position:var(--position);text-decoration:none;white-space:pre;width:76.63pt">, were as follows:</span></div><div style="position:var(--position);top:400pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:29.25pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:30.19pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except share data)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to shareholders of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">144,602<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">111,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">53,259<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:339pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Weighted average number of shares outstanding (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.67pt;position:var(--position);text-decoration:none;white-space:pre">Note 14</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.67pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">52,934,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">54,817,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">56,170,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic earnings per share</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">2.73<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">2.04<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">0.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:513.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Diluted Earnings Per Share </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">Diluted EPS considers the impact of potentially dilutive shares not yet issued from share-based compensation plans using</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.41pt">the treasury stock method. There were no other potentially dilutive instruments outstanding as of December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:548.15pt;position:var(--position);text-decoration:none;white-space:pre;width:5.59pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.74pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.45pt">and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:50.95pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.19pt;position:var(--position);text-decoration:none;white-space:pre;width:313.1pt">. Consequently all potential dilutive effects from shares are considered.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt">For each period presented, a contract to issue a certain number of shares (i.e., stock options and nonemployee warrants)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.45pt">was assessed as potentially dilutive, if it was “in the money” (i.e., the exercise or settlement price is lower than the average</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.09pt">market price).</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.59pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:357pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:29.25pt;width:185.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.19pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except share data)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to shareholders of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:10.85pt"></span></span><span style="left:19.04pt;position:var(--position)">144,602<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:10.85pt"></span></span><span style="left:19.04pt;position:var(--position)">111,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">53,259<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic shares:</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">52,934,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">54,817,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">56,170,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive effect of:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Restricted share awards ("RSUs") and Performance share awards ("PSUs")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">1,799,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">2,904,711<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">2,643,129<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Lock-up shares ("LUSs")</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.54pt"></span></span><span style="left:45.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">711,941<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">1,261,947<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">36,045<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">112,491<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">104,294<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Share warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">22,260<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">59,250<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">51,599<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding used to determine diluted </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">earnings per share</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">54,792,540<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">58,605,529<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">60,231,627<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted earnings per share</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">2.64<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">1.90<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">0.88<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:263.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:275.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">potentially dilute EPS in the future are as follows: </span></div><div style="position:var(--position);top:299.75pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:351pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:187.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:187.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:32.38pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:351pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted share awards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.83pt"></span></span><span style="left:11.46pt;position:var(--position)">2,019,480<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">236,039<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">348,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:351pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of anti-dilutive securities excluded from diluted </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">earnings per share </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.83pt"></span></span><span style="left:11.46pt;position:var(--position)">2,019,480<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">236,039<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">348,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:292.71pt">The components of Basic EPS for the years ended December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:324.21pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.45pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.99pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.23pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.45pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.69pt;position:var(--position);text-decoration:none;white-space:pre;width:76.63pt">, were as follows:</span><div style="position:var(--position);top:400pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:29.25pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:30.19pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except share data)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to shareholders of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">144,602<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">111,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:45.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">53,259<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:339pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Weighted average number of shares outstanding (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.67pt;position:var(--position);text-decoration:none;white-space:pre">Note 14</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.67pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">52,934,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">54,817,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:60.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:11.149999999999999pt;position:var(--position)">56,170,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic earnings per share</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">2.73<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">2.04<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:75.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:41.720000000000006pt;position:var(--position)">0.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 144602000 111571000 53259000 52934526 54817136 56170658 2.73 2.04 0.95 <div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:357pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:59.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:59.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);width:185.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:12.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:29.25pt;width:185.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:185.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:21.19pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except share data)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to shareholders of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:10.85pt"></span></span><span style="left:19.04pt;position:var(--position)">144,602<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:10.85pt"></span></span><span style="left:19.04pt;position:var(--position)">111,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:45.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">53,259<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic shares:</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding of Criteo S.A.</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">52,934,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">54,817,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:75.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">56,170,658<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive effect of:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Restricted share awards ("RSUs") and Performance share awards ("PSUs")</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">1,799,709<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">2,904,711<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:105.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">2,643,129<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Lock-up shares ("LUSs")</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.54pt"></span></span><span style="left:45.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">711,941<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:120.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.08pt"></span></span><span style="left:10.71pt;position:var(--position)">1,261,947<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Stock options</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">36,045<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">112,491<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:135.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.41pt"></span></span><span style="left:19.04pt;position:var(--position)">104,294<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Share warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">22,260<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">59,250<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:150.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:21.97pt"></span></span><span style="left:24.599999999999998pt;position:var(--position)">51,599<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding used to determine diluted </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">earnings per share</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">54,792,540<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">58,605,529<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:165.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:2.52pt"></span></span><span style="left:5.15pt;position:var(--position)">60,231,627<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:357pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:357pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted earnings per share</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">2.64<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">1.90<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:189.75pt;width:59.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:59.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:27.53pt"></span></span><span style="left:35.720000000000006pt;position:var(--position)">0.88<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 144602000 111571000 53259000 52934526 54817136 56170658 1799709 2904711 2643129 0 711941 1261947 36045 112491 104294 22260 59250 51599 54792540 58605529 60231627 2.64 1.90 0.88 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:275.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">potentially dilute EPS in the future are as follows: </span></div><div style="position:var(--position);top:299.75pt;width:612pt"><div style="font-size:0pt;left:32.62pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:351pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:187.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:187.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:32.38pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:15pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.88pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:351pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted share awards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.83pt"></span></span><span style="left:11.46pt;position:var(--position)">2,019,480<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">236,039<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:33.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">348,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:351pt"><div><div style="line-height:10pt;position:var(--position);top:3.44pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of anti-dilutive securities excluded from diluted </span></div><div style="line-height:10pt;position:var(--position);top:13.44pt;width:351pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">earnings per share </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:8.83pt"></span></span><span style="left:11.46pt;position:var(--position)">2,019,480<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:418.5pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">236,039<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:482.25pt;position:var(--position);top:48.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.43pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:17.16pt"></span></span><span style="left:19.79pt;position:var(--position)">348,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2019480 236039 348675 2019480 236039 348675 <span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">19. Commitments and contingencies</span></span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:438.7pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Contractual Commitments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:457.9pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">We have </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.53pt;position:var(--position);text-decoration:none;white-space:pre">$68.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:129.64pt;position:var(--position);text-decoration:none;white-space:pre"> of non-cancelable contractual commitments as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.38pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.17pt;position:var(--position);text-decoration:none;white-space:pre">, which are primarily related to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">software licenses, maintenance and bandwidth for our servers. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:490pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre"> following is a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.47pt;position:var(--position);text-decoration:none;white-space:pre">schedule</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.49pt;position:var(--position);text-decoration:none;white-space:pre">, by years, of non-cancelable contractual commitments as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.32pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.11pt;position:var(--position);text-decoration:none;white-space:pre"> :</span></div><div style="position:var(--position);top:512.7pt;width:612pt"><div style="font-size:0pt;left:39pt;position:var(--position);width:529.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:447pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.44pt;position:var(--position);text-decoration:underline;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:15pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.36pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:29.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:35.91pt"></span></span><span style="left:44.1pt;position:var(--position)">52,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:44.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">8,701<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:59.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">4,475<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:74.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">2,185<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:89.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:55.36pt"></span></span><span style="left:57.99pt;position:var(--position)">982<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:35.91pt"></span></span><span style="left:44.1pt;position:var(--position)">68,350<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:654.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">Contingencies</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:674.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.33pt">From time to time we may become involved in legal proceedings or be subject to claims arising in the ordinary course of</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">our business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:698.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.49pt">or taken together have a material adverse effect on our business, results of operations, financial condition or cash flows.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:710.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.47pt">Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:722.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:239.43pt">diversion of management resources and other factors.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:42.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:420.3pt">The amount of the provisions represents management’s latest estimate of the expected impact.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.8pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:78.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.61pt">Legal and R</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:88.11pt;position:var(--position);text-decoration:none;white-space:pre;width:83.3pt">egulatory Matters</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.45pt">Following a complaint from Privacy International against a number of advertising technology companies with certain data</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt">protection authorities, including in France, France's Commission Nationale de l'Informatique et des Libertés (the "CNIL")</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:120.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt">opened a formal investigation in January 2020 against Criteo. In June 2023, the CNIL issued its decision, which retained</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:132.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.5pt">alleged European Union's General Data Protection Regulation ("GDPR") violations but reduced the financial sanction</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:576pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:144.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:200.55pt">against Criteo from the original amount of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.05pt;position:var(--position);text-decoration:none;white-space:pre;width:49.85pt">€60 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.9pt;position:var(--position);text-decoration:none;white-space:pre;width:8.17pt"> (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.07pt;position:var(--position);text-decoration:none;white-space:pre;width:58.18pt">$70.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.25pt;position:var(--position);text-decoration:none;white-space:pre;width:21.34pt">) to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.59pt;position:var(--position);text-decoration:none;white-space:pre;width:49.85pt">€40 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.44pt;position:var(--position);text-decoration:none;white-space:pre;width:8.17pt"> (</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.61pt;position:var(--position);text-decoration:none;white-space:pre;width:58.18pt">$47.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:485.79pt;position:var(--position);text-decoration:none;white-space:pre;width:90.07pt">). Criteo issued the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:156.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.44pt">required sanction payment during the third quarter of 2023. The decision relates to past matters and does not include any</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:168.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.49pt">obligation for Criteo to change its current practices. Criteo has appealed this decision before the French Council of State</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:71.08pt">(Conseil d’Etat).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.59pt"><span style="background-color:inherit">As </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.09pt;position:var(--position);text-decoration:none;white-space:pre;width:45.01pt"><span style="background-color:inherit">previously</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.1pt;position:var(--position);text-decoration:none;white-space:pre;width:484.8pt"><span style="background-color:inherit"> disclosed, the Company is party to a claim (Doe vs. GoodRx Holdings, Inc. et al. in the U.S. District Court for</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.39pt"><span style="background-color:inherit">the Northern District of California) alleging violations of various state and federal laws. In the third quarter of 2025, the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:181.35pt"><span style="background-color:inherit">Company agreed to settle the matter for </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.85pt;position:var(--position);text-decoration:none;white-space:pre;width:50.83pt"><span style="background-color:inherit">$7.0 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.68pt;position:var(--position);text-decoration:none;white-space:pre;width:312.2pt"><span style="background-color:inherit">, subject to court approval. GoodRx agreed to indemnify the Company</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:14.69pt"><span style="background-color:inherit">for </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:46.19pt;position:var(--position);text-decoration:none;white-space:pre;width:50.81pt"><span style="background-color:inherit">$5.5 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97pt;position:var(--position);text-decoration:none;white-space:pre;width:478.82pt"><span style="background-color:inherit">, subject to court approval of the settlement with plaintiffs. In January 2026, the court denied approval of the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt"><span style="background-color:inherit">proposed settlement. The Company continues to engage in discussions with the plaintiffs and GoodRx to address the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.37pt"><span style="background-color:inherit">Judge’s requests and re-file the settlement agreement. Based on management's assessment of the underlying facts and</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.49pt"><span style="background-color:inherit">circumstances, including the status of settlement discussions and the indemnification arrangement with GoodRx, the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:232.66pt"><span style="background-color:inherit">Company recognized an estimated probable loss of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:50.85pt"><span style="background-color:inherit">$7.0 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.01pt;position:var(--position);text-decoration:none;white-space:pre;width:260.95pt"><span style="background-color:inherit"> within “Contingencies-current portion” as of December 31,</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:192.93pt"><span style="background-color:inherit">2025 and an indemnification receivable of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.43pt;position:var(--position);text-decoration:none;white-space:pre;width:51.5pt"><span style="background-color:inherit">$5.5 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.93pt;position:var(--position);text-decoration:none;white-space:pre;width:299.99pt"><span style="background-color:inherit"> within “Prepaid expenses and other current assets”. The resulting</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:137.04pt"><span style="background-color:inherit">estimated net probable loss of </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.54pt;position:var(--position);text-decoration:none;white-space:pre;width:50.74pt"><span style="background-color:inherit">$1.5 million</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.28pt;position:var(--position);text-decoration:none;white-space:pre;width:356.7pt"><span style="background-color:inherit"> was recognized within “General and administrative expenses” in the Company’s</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt"><span style="background-color:inherit">consolidated statement of operations for the year ended December 31, 2025. The results of legal proceedings are</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:439.71pt"><span style="background-color:inherit">inherently uncertain and it is reasonably possible that the ultimate loss may differ from our estimate.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.46pt"><span style="background-color:inherit">On July 9, 2025, a putative class action was filed against the Company, CVS and others in the U.S. District Court for the</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.39pt"><span style="background-color:inherit">Central District of California, alleging violations of various laws regarding sensitive health and personal information. On</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.33pt"><span style="background-color:inherit">October 27, 2025, the action was dismissed with respect to the Company. On November 7, 2025, a second amended</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.83pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.36pt"><span style="background-color:inherit">putative class action complaint was filed against the Company, CVS and others in the U.S. District Court for the Central</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.39pt"><span style="background-color:inherit">District of California, again alleging violations of various laws regarding sensitive health and personal information. The</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.48pt"><span style="background-color:inherit">plaintiffs seek damages and injunctive relief. We dispute the allegations of wrongdoing and intend to defend ourselves</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.44pt"><span style="background-color:inherit">vigorously in these matters. On January 30, 2026, the plaintiff filed a stipulation to dismiss the case, and the parties are</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:432.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.45pt"><span style="background-color:inherit">currently engaged in mediation.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:73.39pt"><span style="background-color:inherit">On October 17, </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.89pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt"><span style="background-color:inherit">2025</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.13pt;position:var(--position);text-decoration:none;white-space:pre;width:448.76pt"><span style="background-color:inherit">, AlmondNet, Inc. and Intent IQ, LLC filed a patent-infringement lawsuit in the U.S. District Court for</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201pt"><span style="background-color:inherit">the District of Delaware. The complaint was s</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.5pt;position:var(--position);text-decoration:none;white-space:pre;width:101.82pt"><span style="background-color:inherit">erved to the Company </span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.32pt;position:var(--position);text-decoration:none;white-space:pre;width:241.61pt"><span style="background-color:inherit">on October 21, 2025. The plaintiffs seek damages and</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474.75pt;width:612pt"><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:515.32pt"><span style="background-color:inherit">injunctive relief. We dispute the allegations of wrongdoing and intend to defend ourselves vigorously in these matters</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.82pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit">.</span></span><span style="background-color:#ffffff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:549.59pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.95pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.5pt">Non income tax risks</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:109.51pt">During the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:141.01pt;position:var(--position);text-decoration:none;white-space:pre;width:91.71pt">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:232.72pt;position:var(--position);text-decoration:none;white-space:pre;width:343.18pt">, management reassessed the provision related to certain non-income tax</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:356.81pt">matters recognized under ASC 450, Contingencies, reducing the balance from </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.31pt;position:var(--position);text-decoration:none;white-space:pre;width:56.96pt">$31.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.27pt;position:var(--position);text-decoration:none;white-space:pre;width:15.57pt"> to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.84pt;position:var(--position);text-decoration:none;white-space:pre;width:56.96pt">$22.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:517.8pt;position:var(--position);text-decoration:none;white-space:pre;width:58.16pt">. These risks</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.44pt">were initially identified and recognized as part of the Iponweb Acquisition in 2022. In accordance with the purchase</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:563.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">agreement relating to the acquisition, the Company is indemnified against specific tax risks, and as such, an</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.15pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.43pt">indemnification asset has been recorded. The indemnification asset is recorded as part of "Other noncurrent assets" on the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.93pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:193.31pt">consolidated statement of financial position.</span> 68400000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre">The</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre"> following is a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.47pt;position:var(--position);text-decoration:none;white-space:pre">schedule</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.49pt;position:var(--position);text-decoration:none;white-space:pre">, by years, of non-cancelable contractual commitments as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.32pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.11pt;position:var(--position);text-decoration:none;white-space:pre"> :</span><div style="position:var(--position);top:512.7pt;width:612pt"><div style="font-size:0pt;left:39pt;position:var(--position);width:529.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:447pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:78.75pt"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.44pt;position:var(--position);text-decoration:underline;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:15pt;width:78.75pt"><div><div style="line-height:9pt;position:var(--position);top:4.03pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:9.36pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:29.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:35.91pt"></span></span><span style="left:44.1pt;position:var(--position)">52,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:44.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">8,701<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:59.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">4,475<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2029</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:74.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:47.03pt"></span></span><span style="left:49.660000000000004pt;position:var(--position)">2,185<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:89.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:55.36pt"></span></span><span style="left:57.99pt;position:var(--position)">982<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:447pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:447pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:104.25pt;width:78.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:78.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:35.91pt"></span></span><span style="left:44.1pt;position:var(--position)">68,350<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 52007000 8701000 4475000 2185000 982000 68350000 60000000 70500000 40000000 47000000.0 7000000.0 5500000 7000000.0 5500000 1500000 31900000 22700000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.43pt">The following </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.93pt;position:var(--position);text-decoration:none;white-space:pre;width:21.67pt">table</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:116.6pt;position:var(--position);text-decoration:none;white-space:pre;width:395.69pt"> presents the Company's revenue disaggregated by major product for the years ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.29pt;position:var(--position);text-decoration:none;white-space:pre;width:63.67pt">December 31,</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.55pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:53.739999999999995pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:59.28pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2024</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.52000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:22.22pt"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.74pt;position:var(--position);text-decoration:none;white-space:pre;width:22.24pt">2023</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:42.75pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Retail Media</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">263,872<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">258,303<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">209,007<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Commerce Growth</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,563,093<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,556,751<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:66pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,614,905<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">117,936<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">118,235<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">125,533<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Performance Media</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,681,029<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,674,986<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:14.08pt"></span></span><span style="left:16.71pt;position:var(--position)">1,740,438<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,944,901<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,933,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:110.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.52pt"></span></span><span style="left:16.71pt;position:var(--position)">1,949,445<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 263872000 258303000 209007000 1563093000 1556751000 1614905000 117936000 118235000 125533000 1681029000 1674986000 1740438000 1944901000 1933289000 1949445000 3 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:309.43pt">Revenue generated in other significant countries where we operate is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:340.93pt;position:var(--position);text-decoration:none;white-space:pre;width:44.46pt">presented</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.39pt;position:var(--position);text-decoration:none;white-space:pre;width:96.08pt"> in the following table:</span><div style="position:var(--position);top:311pt;width:612pt"><div style="font-size:0pt;left:31.5pt;position:var(--position);width:542.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:339pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:203.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.81pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:40.26pt;position:var(--position);text-decoration:none;white-space:pre">Year Ended December 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:27pt;width:203.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:70.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Americas</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">836,670<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">892,175<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:43.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">887,247<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">753,286<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">802,609<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">803,288<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">EMEA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">728,052<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">676,455<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">672,610<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Germany</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">207,600<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">202,653<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:101.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">200,145<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">France</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">88,887<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">87,770<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:116.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">100,277<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Asia-Pacific</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">380,179<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">364,659<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:145.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.56pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">389,588<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159.75pt;width:339pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:339pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">221,087<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">204,082<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:477pt;position:var(--position);top:159.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">216,991<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 836670000 892175000 887247000 753286000 802609000 803288000 728052000 676455000 672610000 207600000 202653000 200145000 88887000 87770000 100277000 380179000 364659000 389588000 221087000 204082000 216991000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.45pt">For each reported period, noncurrent assets (corresponding to the net book value of tangible and intangible assets) are</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:484.75pt">presented in the table below. The geographical information includes results from the locations of legal entities.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.25pt;position:var(--position);text-decoration:none;white-space:pre;width:5.54pt">  </span></div><div style="position:var(--position);top:538.75pt;width:612pt"><div style="font-size:0pt;left:33.75pt;position:var(--position);width:540pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:297pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.99pt;position:var(--position);text-decoration:none;white-space:pre">Americas</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.06pt;position:var(--position);text-decoration:none;white-space:pre">EMEA</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.28pt;position:var(--position);text-decoration:none;white-space:pre">Asia-</span></div><div style="line-height:10pt;position:var(--position);top:13.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">Pacific</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);width:57pt"><div><div style="line-height:10pt;position:var(--position);top:8.81pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.57pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:24.75pt;width:239.25pt"><div><div style="line-height:9pt;position:var(--position);top:3.28pt;width:239.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:bold;left:88.67pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td></tr><tr style="height:3.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:18pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:297pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:297pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">69,785<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">207,109<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">14,289<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">291,183<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:18pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:297pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:297pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:300.75pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">68,193<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">186,035<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:14.16pt"></span></span><span style="left:22.349999999999998pt;position:var(--position)">11,378<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:483pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:5.43pt;width:57pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:8.6pt"></span></span><span style="left:16.79pt;position:var(--position)">265,606<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 69785000 207109000 14289000 291183000 68193000 186035000 11378000 265606000 <span style="font-family:'Arial', sans-serif;font-size:11pt;font-style:normal;font-weight:bold;left:58.97pt;position:var(--position);text-decoration:none;white-space:pre">21. Subsequent Events</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:658.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.77pt">Share</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:59.269999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:153.25pt"> Repurchase Program extension</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">On February 6, 2026, the Board of Directors approved an increase to the Company’s share repurchase program for the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:694.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.47pt">Company’s outstanding American Depositary Shares. As of February 6, 2026, following this approval, the remaining</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:705.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:202.72pt">authorization under the program was up to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.22pt;position:var(--position);text-decoration:none;white-space:pre;width:55.08pt">$200 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:289.3pt;position:var(--position);text-decoration:none;white-space:pre;width:286.58pt">. The Company intends to use repurchased shares under this</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:716.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:544.41pt">program primarily to satisfy employee equity plan vesting in lieu of issuing new shares, which would limit future dilution to</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:575.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:728pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:31.5pt;position:var(--position);text-decoration:none;white-space:pre;width:430.54pt">shareholders, and may also use such shares in connection with potential acquisition transactions.</span></div> 200000000 On December 7, 2023, Criteo's Board of Directors extended a share repurchase program to up to $480.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 4,286,624 shares repurchased at an average price of $30.0 offset by 1,679,674 treasury shares used for RSUs vesting, by 1,006,482 treasury shares used for LUSs vesting and by 2,185,000 treasury shares cancelled. On February 1, 2024, Criteo's Board of Directors authorized an extension of the share repurchase program to up to $630.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 5,976,764 shares repurchased at an average price of $37.6 offset by 2,366,158 treasury shares used for RSUs vesting, by 1,953,761 treasury shares used for LUSs vesting and by 3,590,000 treasury shares cancelled. On January 31, 2025, Criteo's Board of Directors authorized an extension of the share repurchase program to up to $805.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 5,393,002 shares repurchased at a weighted average price of $28.2 offset by 2,157,390 treasury shares used for RSUs vesting and by 2,195,000 treasury shares cancelled.