The following table provides a reconciliation of Adjusted EBITDA to net income (loss), the most comparable GAAP financial measure:

		(Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2024				2023				2024				2023
Net income (loss)		$	1,779			$	(4,362	)		$	13,179			$	(28,601	)
Income tax (benefit) expense			3,350				(6,541	)			9,509				11,369
Stock-based compensation expense			17,356				20,526				50,710				66,423
Interest expense			1,317				1,529				4,497				4,583
Depreciation and amortization			11,563				9,783				31,120				29,271
Special adjustments, interest income and other (1)			(9,660	)			(5,481	)			(20,144	)			(7,480	)
	Adjusted EBITDA	$	25,705			$	15,454			$	88,871			$	75,565
(1)	The three months ended September 30, 2024, includes $5.9 million of interest income and $3.8 million of currency gains on acquisition-related intercompany loans. The three months ended September 30, 2023, includes $4.8 million of interest income, a $3.5 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, and $2.8 million currency losses on acquisition-related intercompany loans. The nine months ended September 30, 2024, includes $17.5 million of interest income, $2.8 million of currency gains on acquisition-related intercompany loans, and a $0.2 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The nine months ended September 30, 2023, includes $11.7 million of interest income, a $4.5 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, and $0.3 million currency gains on acquisition-related intercompany loans.

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