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Mar 31, 2021
TransUnion Q1 2021 Earnings Report
TransUnion delivered strong growth with contributions from all three segments, driven by an accelerated economic recovery across most markets and ongoing business wins.
Key Takeaways
TransUnion announced strong first quarter 2021 results, with total revenue of $745 million, an increase of 8 percent compared to the first quarter of 2020. Net income attributable to TransUnion was $128 million, compared to $70 million for the first quarter of 2020. Adjusted EBITDA was $300 million, an increase of 14 percent compared to the first quarter of 2020.
Delivered strong growth with contributions from all three segments, driven by an accelerated economic recovery across most markets during the quarter and the benefit from ongoing business wins.
Increased full year 2021 financial guidance to reflect first quarter out-performance and a more bullish view of the remainder of the year.
Continuing to aggressively invest to position TransUnion for long-term sustained growth.
Out-performed previous guidance and raised outlook for the remainder of the year due to stronger underlying business conditions, particularly in the U.S.
TransUnion
TransUnion
TransUnion Revenue by Segment
TransUnion Revenue by Geographic Location
Revenue by Segment
U.S. Financial Services Revenue
CapyFin.comU.S. Emerging Verticals Revenue
CapyFin.comTotal Consumer Interactive Revenue
CapyFin.comRevenue by Geographic Location
Canada Revenue
CapyFin.comLatin America Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comAfrica Revenue
CapyFin.comIndia Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
For the second quarter of 2021, revenue is expected to be between $744 million and $754 million, an increase of 17 to 19 percent compared with the second quarter of 2020. Net income attributable to TransUnion is expected to be between $112 million and $117 million, an increase of 63 to 71 percent. Adjusted EBITDA is expected to be between $296 million and $303 million, an increase of 22 to 25 percent compared with the second quarter of 2020.
Positive Outlook
- Revenue is expected to be between $744 million and $754 million, an increase of 17 to 19 percent compared with the second quarter of 2020.
- Net income attributable to TransUnion is expected to be between $112 million and $117 million, an increase of 63 to 71 percent.
- Diluted earnings per share is expected to be between $0.58 and $0.61, an increase of 62 to 70 percent.
- Adjusted EBITDA is expected to be between $296 million and $303 million, an increase of 22 to 25 percent compared with the second quarter of 2020.
- Adjusted Diluted Earnings per Share is expected to be between $0.89 and $0.92, an increase of 35 to 39 percent.
Challenges Ahead
- Revenue growth includes approximately 2 percent of headwind due to projected lower growth in mortgage revenue.
- Guidance is based on assumptions that are subject to change and outside of the control of the Company.
- The extent to which COVID-19 impacts the business and results of operations continues to be inherently uncertain.
- COVID-19 impact will depend on numerous evolving factors that may not be accurately predicted.
- There can be no assurance that the Company will achieve the results expressed by this guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income