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Adjusted EBITDA ($, millions) $308 I Adjusted EBITDA Margin Q4'17 42% $244 Q1'18 (7) 37% $265 Q2'18 37% $295 Q3'18 39% $397 Q4'18 44% (7) Adjusted EBITDA is defined as GAAP net income adjusted to exclude stock-based compensation expense, depreciation and amortization expense, interest and other expense, net, provision (benefit) for income taxes, restructuring charges and one-time nonrecurring gain. See Appendix for a reconciliation of GAAP net income to Adjusted EBITDA. +29% Y/Y 10

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