TransUnion announced its Q1 2020 financial results, reporting an 11% increase in revenue to $688 million. The company highlighted its response to COVID-19, including transitioning to a work-from-home model and executing its Downturn Playbook. While the pandemic negatively impacted business volumes in mid-March, the company maintained a solid liquidity position.
Total revenue increased by 11% to $688 million.
Net income attributable to TransUnion was $70 million.
Adjusted EBITDA was $263 million with a margin of 38.3%.
Suspended full year 2020 guidance due to market uncertainty.
Due to the global spread and unprecedented impact of COVID-19, TransUnion has suspended its full-year 2020 guidance. The company is also unable to provide second-quarter 2020 guidance. Instead, they provide a scenario-based outlook.
Visualization of income flow from segment revenue to net income