Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 134

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 makes decisions about allocating resources and assessing performance. Our segments are defined by geographic regions, including North America, EMEA, Asia-Pacific and Latin America. 

We exclude certain corporate items from our segment profitability measures. We report these items within Corporate Other, which is designed to provide increased transparency and comparability of our operating segments' performance. Corporate Other consists primarily of (i) general and administrative expenses not allocated to an operating segment, including expenses associated with centrally managed departments such as global marketing, global information technology, global supply chain and innovation, and other corporate support functions; (ii) restructuring and restructuring related charges, if any; and (iii) certain foreign currency hedge gains and losses.

The net revenues and operating income (loss) associated with our segments are summarized in the following tables.

Net Revenues

Three Months Ended September 30,Six Months Ended September 30,20252024Change ($)Change (%)20252024Change ($)Change (%)North America$791,502 $863,345 $(71,843)(8.3)%$1,461,821 $1,572,605 $(110,784)(7.0)%EMEA317,679 283,178 34,501 12.2 %566,286 510,070 56,216 11.0 %Asia-Pacific179,175 207,661 (28,486)(13.7)%342,561 389,497 (46,936)(12.1)%Latin America53,814 46,941 6,873 14.6 %108,389 111,350 (2,961)(2.7)%Corporate Other (1)(8,790)(2,102)(6,688)(318.2)%(11,609)(834)(10,775)(1,292.0)%Total net revenues$1,333,380 $1,399,023 $(65,643)(4.7)%$2,467,448 $2,582,688 $(115,240)(4.5)%

(1) Corporate Other primarily includes foreign currency hedge gains and losses related to revenues generated by entities within our operating segments but managed through our central foreign exchange risk management program.

North America

Net revenues in our North America region decreased by $71.8 million, or 8.3% during the three months ended September 30, 2025. This was driven by a decrease in both our wholesale and