Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its recordAll four teams are still in contention for the NFC West, and Week 15's edition of "Thursday Night Football" could play a significant role in deciding the division. The Rams will visit the 49ers to kick off the week's action, with San Fransisco only trailing Los Angeles by one game in the standings. Seattle currently leads the NFC West, but the two teams facing off Thursday are still very much alive in the chase for either a division crown or an NFC wild-card spot. After a 1-4 start to the year, the Rams have found new life. They've won six of their last eight games, capping their recent success with a 44-42 victory over the Josh Allen and the Bills last week in a shootout. Matthew Stafford threw for 320 yards in the win, a season-high for the veteran quarterback, and he has Los Angeles' offense rolling right now with both of his star wide receivers healthy. Puka Nacua and Cooper Kupp have been arguably the league's most dominant receiving duo when on the field in 2024. Nacua, who became a star in his rookie season last year, is fresh off of a 162-yard game vs. Buffalo, while Kupp has three 100-plus yard games so far this season. On the other side of things, San Fransisco got a much-needed win over the Bears last week after three-straight losses. It'd be tough for the 49ers to make the playoffs, especially after recent injuries to both Christian McCaffrey and Jordan Mason in the backfield to add into various injury issues all year. But San Fransisco still has a chance, and Kyle Shanahan's squad still has a lot of talent on both sides of the ball. Although Deebo Samuel hasn't had his usual star production in 2024, he remains a dangerous weapon for the 49ers. George Kittle has remained one of the game's superstar tight ends. And Brock Purdy continues to get the job done for San Fransisco, coming off a 325-yard game vs. Chicago. The winner of Thursday's matchup will be in a much better spot to make a late-season playoff push, while the other could see their postseason odds begin to plummet. The Sporting News is tracking live scoring updates and highlights from Rams vs. 49ers on "Thursday Night Football" in Week 15. Follow along with the action below. MORE: Updated NFL Draft order heading into Week 15 Rams vs. 49ers score Q1 Q2 Q3 Q4 F Rams - - - - - 49ers - - - - - Rams vs. 49ers live updates, results, highlights from Week 15 'Thursday Night Football' game (All times ET) 7:58 p.m. — Approaching game time in San Fransisco, Fred Warner is fired up. "THURSDAY NIGHT FOOTBALL AT OUR CRIB" 😤 @49ers | #TNFonPrime pic.twitter.com/YmcmII2ndl 6:56 p.m. — For the Rams, CB Cobie Durant is among their inactives for this matchup. The full list can be found linked through the team's social media post: CB Cobie Durant, OLB Brennan Jackson + more inactive for Week 15. ⤵️ 6:55 p.m. — Good news for San Fransisco's defense: Not only is Greenlaw back, but Nick Bosa will play tonight as well. Here's a look at the 49ers' inactives list: 49ers defense officially has back Nick Bosa and Dre Greenlaw tonight vs. the Rams. 49ers rookie RB Isaac Guerendo also officially is active. 49ers inactives tonight: QB Joshua Dobbs LT Trent Williams DL Khalil Davis S Malik Mustapha RB Israel Abanikanda CB Rock Ya-Sin 6:35 p.m. — 49ers LB Dre Greenlaw will be playing in his first game since last year's Super Bowl tonight. Greenlaw tore his Achilles in that matchup vs. the Chiefs, but will now be back in action. 10 months after tearing his Achilles in Super Bowl LVIII, @49ers LB Dre Greenlaw is back and ready for TNF 👏 #LARvsSF -- 8:15pm ET on Prime Video Also streaming on #NFLPlus pic.twitter.com/ST2ucnlB59 Rams vs. 49ers start time Date: Thursday, Dec. 12 Time: 8:15 p.m. ET Thursday's matchup between the Rams and 49ers will kick off at 8:15 p.m. ET from Levi's Stadium in Santa Clara, California. MORE NFL: Week 15 NFL Power Rankings Week 15 NFL picks straight-up Week 15 NFL picks against the spread NFL Draft order heading into Week 15 NFL playoff picture heading into Week 15 What channel is Rams vs. 49ers on today? TV channel: N/A Live stream: Amazon Prime Video (U.S.) | DAZN NFL (Canada) "Thursday Night Football" will not air on national television. Fans can stream the game exclusively on Amazon Prime Video . Viewers in Canada can stream the game on DAZN . NFL HQ: Live NFL scores | Updated NFL standings | Full NFL schedule Rams remaining 2024 schedule Here's a look at Los Angeles' final three games of the regular season after Week 15. Date Matchup Time (ET) Dec. 22 at Jets 1 p.m. TBD vs. Cardinals TBD TBD vs. Seahawks TBD WEEK 15 FANTASY FOOTBALL RANKINGS: QBs | RBs | WRs | TEs | D/ST | Kickers 49ers remaining 2024 schedule Here's a look at the final stretch of the regular season for the 49ers. Date Matchup Time (ET) Dec. 22 at Dolphins 4:25 p.m. Dec. 30 vs. Lions 8:15 p.m. TBD at Cardinals TBD If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Learn more >Tesla ( TSLA 3.67% ) shares have been on a roll in recent weeks. The stock has soared by more than 60% in the last month and that surge continued Friday. Tesla shares were higher by 3.7% as of 1:45 p.m. ET. That brings year-to-date gains to about 42%. Much of the recent euphoria has been related to CEO Elon Musk and his relationship with President-elect Donald Trump. But the stock's momentum may have also gotten a boost after the latest European electric vehicle (EV) sales numbers were published yesterday. EV sales recovery European EV sales were up by about 7% year over year in October, according to the European Automobile Manufacturers' Association. That bodes well for Tesla for several reasons. First, that rise in fully electric car registrations compares to flat results overall for all power sources including hybrids and fossil fuel vehicles. And the October rise in battery electric vehicle registrations compares to a drop of 2.6% in 2024 through September. And Tesla specifically has been seeing expanding sales over the last two months. For all of Europe, including the U.K., Tesla sold over 58,000 EVs in September and October combined. That's a rise of 11.6% in just those two months versus 2023. Yet overall 2024 sales through October were still down nearly 12% for Tesla in Europe. Demand has sharply accelerated recently. That's a good sign as investors prepare to see what Tesla sales will look like globally in 2024. Europe is an important market for Tesla with its German manufacturing plant and increasing competition from both European and Asian EV makers. Investors would love to see Tesla showing sales are accelerating into the end of the year. Especially as Musk sits in a position to help steer the incoming administration's policies regarding electric vehicles. The rebound in Europe over the past two months is encouraging and is helping to keep Tesla's stock momentum going.
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Texas' abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine Texas has sued a New York doctor for prescribing abortion pills to a Texas woman via telemedicine. It appears to be the first challenge in the U.S. to a state shield law that's intended to protect prescribers in Democratic-controlled states from being punished by states with abortion bans. Prescriptions like these, made online and over the phone, are a key reason that the number of abortions has increased across the U.S. even after state bans started taking effect. Most abortions in the U.S. involve pills rather than procedures. Anti-abortion groups are increasingly focusing on the rise of pills. Syrians cheer end of 50 years of Assad rule at first Friday prayers since government fell DAMASCUS (AP) — Exuberant Syrians observed the first Friday prayers since the ouster of President Bashar Assad, gathering in the capital’s historic main mosque, its largest square and around the country to celebrate the end of half a century of authoritarian rule. The newly installed interim prime minister delivered the sermon at the Umayyad Mosque, declaring that a new era of “freedom, dignity and justice” was dawning for Syria. The gatherings illustrated the dramatic changes that have swept over Syria less than a week after insurgents marched into Damascus and toppled Assad. Amid the jubilation, U.S. Secretary of State Antony Blinken met with allies around the region and called for an “inclusive and non-sectarian” interim government. US military flies American released from Syrian prison to Jordan, officials say WASHINGTON (AP) — The U.S. military has brought an American who was imprisoned in Syria for seven months out of the country. That's according to two U.S. officials, who said Friday that Travis Timmerman has been flown to Jordan on a U.S. military helicopter. The 29-year-old Timmerman told The Associated Press earlier Friday he had gone to Syria on a Christian pilgrimage and was not ill-treated while in a notorious detention facility operated by Syrian intelligence. He said he was freed by “the liberators who came into the prison and knocked the door down (of his cell) with a hammer.” New Jersey governor wants more federal resources for probe into drone sightings TOMS RIVER, N.J. (AP) — New Jersey Gov. Phil Murphy has asked the Biden administration to put more resources into the ongoing investigation of mysterious drone sightings being reported in the state and other parts of the region. Murphy, a Democrat, made the request in a letter Thursday, noting that state and local law enforcement remain “hamstrung” by existing laws and policies in their efforts to successfully counteract any nefarious drone activity. Murphy and other officials say there is no evidence that the drones pose a national security or a public safety threat. A state lawmaker says up to 180 aircraft have been reported to authorities since Nov. 18. Nancy Pelosi hospitalized after she 'sustained an injury' from fall on official trip to Luxembourg WASHINGTON (AP) — Former House Speaker Nancy Pelosi has been hospitalized after she “sustained an injury” during an official engagement in Luxembourg, according to a spokesman. Pelosi is 84. She was in Europe to mark the 80th anniversary of the Battle of the Bulge in World War II. Her spokesman, Ian Krager, did not describe the nature of her injury or give any additional details, but a person familiar with the incident said that Pelosi tripped and fell while at an event with the other members of Congress. The person requested anonymity to discuss the fall because they were not authorized to speak about it publicly. Russia targets Ukrainian infrastructure with a massive attack by cruise missiles and drones KYIV, Ukraine (AP) — Russia has launched a massive aerial attack against Ukraine. Ukrainian President Volodymyr Zelenskyy says Russia fired 93 cruise and ballistic missiles and almost 200 drones in Friday's bombardments. He says it is one of the heaviest bombardments of the country’s energy sector since Russia’s full-scale invasion almost three years ago. He says Ukrainian defenses shot down 81 missiles, including 11 cruise missiles that were intercepted by F-16 warplanes provided by Western allies earlier this year. Zelenskyy renewed his plea for international unity against Russian President Vladimir Putin. But uncertainty surrounds how the war might unfold next year. President-elect Donald Trump has vowed to end the war and has thrown into doubt whether vital U.S. military support for Kyiv will continue. Trump’s lawyers rebuff DA's idea for upholding his hush money conviction, calling it 'absurd' NEW YORK (AP) — President-elect Donald Trump’s lawyers are again urging a judge to throw out his hush money conviction. In a court filing Friday, they balked at the prosecution’s “absurd” idea for preserving the verdict by treating the case the way some courts do when a defendant dies before sentencing. The Manhattan district attorney’s office is asking Judge Juan M. Merchan to “pretend as if one of the assassination attempts against President Trump had been successful,” Trump’s lawyers wrote in a blistering 23-page response. In court papers made public Tuesday, District Attorney Alvin Bragg’s office proposed an array of options for keeping the historic conviction on the books after Trump’s lawyers filed paperwork earlier this month asking for the case to be dismissed. Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish PORTLAND, Maine (AP) — The incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy. Some in the industry believe the returning president will be more responsive to its needs. Economic analysts paint a more complicated picture, as they fear Trump’s pending trade hostilities with major trading partners Canada and China could make an already pricy kind of protein more expensive. Conservationists also fear Trump’s emphasis on deregulation could jeopardize fish stocks already in peril. But many in the commercial fishing and seafood processing industries said they expect Trump to allow fishing in protected areas and crack down on offshore wind expansion. OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship' A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and best avoid an artificial intelligence ‘dictatorship’ is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing conversion into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. OpenAI is filing its response Friday. Paula Abdul settles lawsuit alleging sexual assault by 'American Idol' producer Nigel Lythgoe LOS ANGELES (AP) — Paula Abdul and former “American Idol” producer Nigel Lythgoe have agreed to settle a lawsuit in which she alleged he sexually assaulted her in the early 2000s when she was a judge on the show. Abdul filed a notice of settlement in a Los Angeles court Thursday. The lawsuit filed nearly a year ago had also accused Lythgoe of sexually assaulting Abdul after she left “American Idol” and became a judge on Lythgoe’s other show “So You Think You Can Dance.” Lythgoe said at the time that the allegations were “an appalling smear.” Both sides said in statements Friday that they were glad to put the case behind them.LOS ANGELES — The locker room after the Rams’ 37-20 loss to the Philadelphia Eagles was as quiet as any this season. Players shouldered blame in quiet, shorts responses to reporters’ questions before filing out and into the night. As they dissected what had just happened, the Rams (5-6) also looked ahead and stated they could not afford for this game to spiral into the next game, which is Sunday’s matchup with the New Orleans Saints (4-7). “Just make sure you turn the page. Obviously, there are things that we want to correct from the game and find ways to be better moving forward, but make sure that we come out with great energy today. It starts today,” Rams quarterback Matthew Stafford said before Wednesday’s practice. “There are going to be things we want to clean up from practice, make sure we do that and move on day-to-day with the right attitude and the right spirit.” As the Rams have gone about making those corrections, a consistent word has come to mind: Consistency. Asked what he’s looking for from the defense Sunday after its worst performance since the early weeks of the season, head coach Sean McVay used that word. He spoke about playing as a unit, sticking to assignments, coverage and pass rush complementing each other. Then he added with a smile, “Same things I’m looking for on the defense would be exactly how I would answer your offensive question as well.” Even 11 games into the season, we still haven’t seen the Rams offense perform with the type of consistency you would expect from a group with this much talent. Against the Eagles, the Rams moved the ball well in the first quarter, reaching the red zone twice without needing a third down. But any momentum was quickly lost with a 10-play second quarter that resulted in a loss of six yards. It was the same story a week before, with the offense blazing in the second and third quarters against the Patriots while going nowhere in the first and fourth quarters. “It’s kind of the word ‘consistency’ right now,” Rams offensive coordinator Mike LaFleur said. “There are times where it feels like we go right down the field and put it in, and there are other times where it just feels a little bit harder than it should. I think that’s the biggest key right now.” The defense is facing a similar obstacle. The Rams are among the best in the NFL at holding teams without a touchdown in the red zone, limiting opponents to a 48.8% success rate. That ranks eighth in the league, but the flip side is that the Rams allow teams 3.7 trips into the red zone per game, which is tied for 28th. Defensive tackle and captain Kobie Turner raised the issue of allowing too many long drives following the Eagles loss, and defensive coordinator Chris Shula agreed with the assessment. “Some of that, especially the other night, they were in third downs a decent amount of time and it was a third and favorable,” Shula said. “Then, finding a way to get stops, finding a way to play, get them off track, get them into 2nd-and-longs where you get those 3rd-longs, and you can earn the right to rush the passer.” Related Articles Entering Week 13, it’s not encouraging that the Rams are still struggling to find consistency in their execution. But to this point, it hasn’t upended their season. The wild card might be out of reach, but the NFC West title is still up for grabs. But that starts with a road win against a Saints team playing with nothing to lose. “We know that it’s going to be a great challenge, especially at their place. It’ll be rocking atmosphere and environment with the holidays and the momentum they have,” McVay said. “We’ve a lot of guys that are experiencing things for the first time. I have seen the resolve of this group show itself. Now, we’ve to do it.” When: 1:05 p.m. Sunday Where: Superdome, New Orleans TV/radio: FOX (Ch. 11)/710 AM; 93.1 FM; 1330 AM (Spanish); Sirius 382, 226
PLANO, Texas--(BUSINESS WIRE)--Dec 12, 2024-- Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial products that address the evolving needs and aspirations of underserved consumers, today announced it has entered into a definitive agreement to acquire Brigit, a leading financial health technology company, for total consideration of up to $460 million consisting of cash and shares of Upbound common stock. This transaction is a logical next step reflecting Upbound’s strategic focus on expanding its technology-driven financial solutions for consumers who are underserved by the traditional financial system. Brigit, which offers a subscription-based model, was launched nationally in 2019 to expand financial inclusion and help consumers build a brighter financial future. It is consistently ranked among the most downloaded financial health apps and is a recognized leader in innovation in the industry. Built on proprietary artificial intelligence and machine learning-powered cash flow data insights, Brigit’s core product is its direct-to-consumer Instant Cash advance product (earned wage access or EWA) which has saved its users approximately $1 billion in overdraft fees since inception 2. Brigit also offers a credit builder product that helps its subscribers build their credit history over time as they increase their savings, as well as financial wellness solutions and educational resources to help consumers better manage, save, and earn money. Brigit currently serves nearly two million monthly active customers, including over one million active paying subscribers and almost one million free subscribers. Their customers are highly engaged, with paid users logging in on average six times per month. The business is expected to generate revenues of approximately $215 million to $230 million in 2025 and approximately $350 million to $400 million in 2026. Brigit will expand Upbound’s offerings of innovative and flexible financial solutions, positioning the combined company to create an industry-leading technology platform for the financially underserved that meets the consumer wherever they are on their financial journey. In addition, Brigit’s proprietary data and sophisticated tech stack are expected to enhance Upbound’s existing brands, including Acima and Rent-A-Center (RAC), by improving risk management and fraud prevention, enabling more customer approvals while also mitigating net losses and enhancing account management. The combined company’s data-driven insights will create a more personalized customer experience with the ability to deliver, at the right time and through the right channels, a wider range of targeted solutions for consumers. Upbound expects these enhancements to boost conversion rates, lower churn, and increase customer loyalty and engagement. “We are thrilled to welcome Brigit, a company whose mission and target customer base are closely aligned with ours, into our family of brands,” said Upbound’s Chief Executive Officer Mitch Fadel. “Creating a financial solutions platform with Brigit as the backbone expands our addressable market and enables Upbound to innovate across even more product categories to improve the financial health of our customers. The ability to add new products for our customers beyond lease-to-own is an important part of our strategy and now we can offer liquidity solutions, budgeting, credit building, financial literacy and savings. We believe this transaction will position Upbound for accelerated growth, with greater scale and a more diversified financial profile, ultimately driving long-term value for our shareholders.” “Brigit has helped everyday Americans build a brighter financial future through a suite of innovative financial products that leverage cutting-edge cash flow technology,” said Brigit cofounder & CEO Zuben Mathews. “This transaction is a testament to our team’s continued passion for helping the underserved and our dedication to innovation. By combining forces with Upbound, we can accelerate our impact and better serve the millions of Americans who have been historically underserved by traditional financial institutions. Together, we are excited to widen our reach and bring financial freedom to even more people in need.” Brigit founders Zuben Mathews and Hamel Kothari will continue to lead the Brigit team as a business segment of Upbound. Brigit will continue to operate under its existing branding and will retain its headquarters in New York City, which is expected to serve as one of Upbound’s innovation hubs. Transaction Details Upbound is acquiring Brigit for up to $460 million, comprised of (1) $325 million payable at closing, 75% in cash and 25% in Upbound shares; (2) $75 million in deferred cash consideration over two years; and (3) a potential earnout of up to $60 million in cash based on achievement of certain financial performance metrics for the Brigit business in 2026. Upbound will fund the transaction through a combination of cash on hand, borrowing capacity under its $550 million revolving credit facility, and issuance of new shares of Upbound common stock to Brigit stockholders. The integration of Brigit’s all-digital, scalable platform is expected to expand Upbound’s addressable market outside of durable goods and enhance its strong financial profile while adding an additional complementary growth segment. With approximately 80% recurring subscription revenue, and an estimated total revenue growth in 2024 of 40% to 50% compared to 2023 with similar expectations in 2025, Upbound believes the transaction will accelerate its growth and is expected to be neutral to non-GAAP EPS in year one and meaningfully accretive to non-GAAP EPS in year two and beyond. Brigit will diversify Upbound’s revenue/Adjusted EBITDA mix; within the next four years, Upbound expects approximately two-thirds of revenue and Adjusted EBITDA 3 will be derived from virtual and digital platforms. Following the transaction, Upbound expects pro forma net leverage ratio of approximately 3x 4 and pro forma available liquidity of nearly $300 million 5. Upbound continues to target leverage of approximately 2x over the long-term. The acquisition is expected to close in Q1 2025, subject to receipt of requisite regulatory approvals and satisfaction of other customary closing conditions. Advisors Greenhill & Co. Inc. is acting as financial advisor to Upbound, Sullivan & Cromwell LLP and Mayer Brown LLP are acting as its legal counsel. FT Partners is acting as financial advisor to Brigit and Cooley LLP and Morgan Lewis & Bockius LLP are acting as its legal counsel. Investor Conference Call Details Upbound will host a conference call on Friday, December 13, 2024, at 9:00 am (ET) to discuss this transaction. Interested parties can access a live webcast of the conference call via this link or through the Company's investor relations website. About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial products that address the evolving needs and aspirations of underserved consumers. The Company’s customer-facing operating units include industry-leading brands such as Rent-A-Center® and Acima® that facilitate consumer transactions across a wide range of store-based and digital retail channels, including over 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website Upbound.com . About Brigit Brigit is a holistic financial health app that has helped millions of Americans budget better, get their earned wages early, build their credit through savings, protect themselves from identity theft, and find ways to earn and save money. Its mission is to help everyday Americans build a better financial future. Brigit is backed by Lightspeed, DCM, Nyca, Flourish Ventures, Hummingbird VC, DN Capital, Will Smith, Kevin Durant, and other prominent investors. Cautionary Note Regarding Forward-Looking Statements This press release and the associated investor presentation and webcast contain forward-looking statements that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "could," "estimate," "predict," "continue," "should," "anticipate," "believe," or “confident,” or the negative thereof or variations thereon or similar terminology and include, among others, statements concerning (a) the anticipated benefits of the proposed transaction, (b) the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, (c) the anticipated closing date for the proposed transaction, (d) other aspects of both companies’ operations and operating results, and (e) our goals, plans and projections with respect to our operations, financial position and business strategy. However, there can be no assurance that such expectations will occur. The Company's actual future performance could differ materially and adversely from such statements. Factors that could cause or contribute to such material and adverse differences include, but are not limited to: (1) risks relating to the proposed transaction, including (i) the inability to obtain regulatory approvals required to consummate the transaction with Brigit on the terms expected, at all or in a timely manner, (ii) the impact of the additional debt on the Company’s leverage ratio, interest expense and other business and financial impacts and restrictions due to the additional debt, (iii) the failure of conditions to closing the transaction and the ability of the parties to consummate the proposed transaction on a timely basis or at all, (iv) the failure of the transaction to deliver the estimated value and benefits expected by the Company, (v) the incurrence of unexpected future costs, liabilities or obligations as a result of the transaction, (vi) the effect of the announcement of the transaction on the ability of the Company or Brigit to retain and hire necessary personnel and maintain relationships with material commercial counterparties, consumers and others with whom the Company and Brigit do business, (vii) the ability of the Company to successfully integrate Brigit’s operations over time, (viii) the ability of the Company to successfully implement its plans, forecasts and other expectations with respect to Brigit’s business after the closing and (ix) other risks and uncertainties inherent in a transaction of this size and nature, (2) the general strength of the economy and other economic conditions affecting consumer preferences, demand, payment behaviors and spending; (3) factors affecting the disposable income available to the Company's and Brigit’s current and potential customers; (4) the appeal of the Company’s and Brigit’s offerings to consumers; (5) the Company's and Brigit’s ability to protect their proprietary intellectual property; (6) the impact of the competitive environment in the Company’s and Brigit’s industries; (7) the Company's and Brigit’s ability to identify and successfully market products and services that appeal to their current and future targeted customer segments; (8) consumer preferences and perceptions of the Company's and Brigit’s brands; (9) the Company’s and Brigit’s compliance with applicable laws and regulations and the impact of active enforcement of those laws and regulations, including any changes with respect thereto or attempts to recharacterize their offerings as credit sales, (10) information technology and data security costs; (11) the impact of any breaches in data security or other disturbances to the Company's or Brigit’s information technology and other networks and the Company's and Brigit’s ability to protect the integrity and security of individually identifiable data of its customers and employees; and (12) the other risks detailed from time to time in the Company's SEC reports, including but not limited to, its Annual Report on Form 10-K for the year ended December 31, 2023 and in its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Non-GAAP Financial Measures This release and the associated investor presentation and webcast contain certain financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles (GAAP), including (1) Adjusted EBITDA (net earnings before interest, taxes, stock-based compensation, depreciation and amortization, as adjusted for special items) on a consolidated and segment basis and (2) Net Leverage Ratio (total debt less unrestricted cash, divided by Adjusted EBITDA). “Special items” refers to certain gains and charges we view as extraordinary, unusual or non-recurring in nature or which we believe do not reflect our core business activities. Special items are reported as Other Gains and Charges in our Consolidated Statements of Operations. Because of the inherent uncertainty related to these special items, management does not believe it is able to provide a meaningful forecast of the comparable GAAP measures or reconciliation to any forecasted GAAP measure without unreasonable effort. These non-GAAP measures are additional tools intended to assist our management in comparing our performance on a more consistent basis for purposes of business decision-making by removing the impact of certain items management believes do not directly reflect our core operations. These measures are intended to assist management in evaluating operating performance and liquidity, comparing performance and liquidity across periods, planning and forecasting future business operations, helping determine levels of operating and capital investments and identifying and assessing additional trends potentially impacting our Company that may not be shown solely by comparisons of GAAP measures. Consolidated Adjusted EBITDA is also used as part of our incentive compensation program for our executive officers and others. We believe these non-GAAP financial measures also provide supplemental information that is useful to investors, analysts and other external users of our consolidated financial statements in understanding our financial results and evaluating our performance and liquidity from period to period. However, non-GAAP financial measures have inherent limitations and are not substitutes for, or superior to, GAAP financial measures, and they should be read together with our consolidated financial statements prepared in accordance with GAAP. Further, because non-GAAP financial measures are not standardized, it may not be possible to compare such measures to the non-GAAP financial measures presented by other companies, even if they have the same or similar names. ______________________________ 1 Non-GAAP Financial Measure. See descriptions below in this release. Due to the inherent uncertainty related to the special items discussed under “Non-GAAP Financial Measures” below, management does not believe it is able to provide a meaningful forecast of the comparable GAAP measure or reconciliation to any forecasted GAAP measure without unreasonable effort. 2 Assumes all Brigit’s cash advances since inception have assisted customers with avoiding overdraft fees at an estimated $34/overdraft. 3 Non-GAAP Financial Measure. See descriptions below in this release. Due to the inherent uncertainty related to the special items discussed under “Non-GAAP Financial Measures” below, management does not believe it is able to provide a meaningful forecast of the comparable GAAP measure or reconciliation to any forecasted GAAP measure without unreasonable effort. 4 Non-GAAP Financial Measure. See descriptions below in this release. Due to the inherent uncertainty related to the special items discussed under “Non-GAAP Financial Measures” below, management does not believe it is able to provide a meaningful forecast of the comparable GAAP measure or reconciliation to any forecasted GAAP measure without unreasonable effort. 5 Pro forma net leverage ratio (total debt less unrestricted cash, divided by Adjusted EBITDA) and pro forma available liquidity (estimated available borrowings under the company’s revolving credit facility and unrestricted cash) assume the acquisition of Brigit is completed March 31, 2025 and the Company makes the closing date cash payment at that time. Above metrics reflect the Company’s estimates and are not reflective of actual amounts or indicative of future results. View source version on businesswire.com : https://www.businesswire.com/news/home/20241212082702/en/ CONTACT: Investor Contact Jeff Chesnut SVP, Strategy & Corporate Development 972-801-1108 jeff.chesnut@upbound.comMedia Contacts Kelly Kimberly 713-822-7538 Kelly.kimberly@fgsglobal.com Leah Polito 212-687-8080 Leah.polito@fgsglobal.com KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY FINANCE FINTECH HEALTH TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE HEALTH DATA MANAGEMENT SOURCE: Upbound Group, Inc. Copyright Business Wire 2024. PUB: 12/12/2024 05:00 PM/DISC: 12/12/2024 05:00 PM http://www.businesswire.com/news/home/20241212082702/en