Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 136

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 ended September 30, 2025. This was driven by an increase in both our wholesale and direct-to-consumer channels, partially offset by a decrease in license revenues. Within our direct-to-consumer channel, net revenues increased in owned and operated retail stores and was flat in e-commerce. 

Net revenues in our Latin America region decreased by $3.0 million, or 2.7% during the six months ended September 30, 2025. This was driven by a decrease in both our wholesale and direct-to-consumer channels, and a decrease in license revenues. Within our direct-to-consumer channel, net revenues decreased in e-commerce, partially offset by an increase in owned and operated retail stores. 

Corporate Other

Net revenues in Corporate Other decreased by $6.7 million during the three months ended September 30, 2025. This was primarily driven by foreign currency hedge losses related to revenues generated by entities within our operating segments.

Net revenues in Corporate Other decreased by $10.8 million during the six months ended September 30, 2025. This was primarily driven by foreign currency hedge losses related to revenues generated by entities within our operating segments.

40

Operating Income (Loss)

Three Months Ended September 30,Six Months Ended September 30,20252024Change ($)Change (%)20252024Change ($)Change (%)North America$137,956 $217,259 $(79,303)(36.5)%$259,393 $365,148 $(105,755)(29.0)%EMEA52,601 51,595 1,006 1.9 %92,244 72,051 20,193 28.0 %Asia-Pacific28,075 34,214 (6,139)(17.9)%42,778 44,149 (1,371)(3.1)%Latin America4,596 12,171 (7,575)(62.2)%11,202 27,342 (16,140)(59.0)%Corporate Other (1)(206,182)(142,159)(64,023)(45.0)%(385,248)(635,338)250,090 39.4 %Total operating income (loss)$17,046 $173,080 $(156,034)(90.2)%$20,369 $(126,648)$147,017 116.1 %

(1) Corporate Other primarily includes foreign