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TransUnion
🇺🇸 NYSE:TRU
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•
Mar 31, 2022

TransUnion Q1 2022 Earnings Report

TransUnion's Q1 2022 performance was marked by strong revenue growth, driven by US Markets and International segments, alongside the successful integration of Neustar and Sontiq and the acquisition of Verisk Financial Services.

Key Takeaways

TransUnion announced strong first quarter 2022 results, with total revenue increasing by 32% and adjusted EBITDA growing by 20%. The company successfully integrated Neustar and Sontiq, completed the acquisition of Verisk Financial Services, and raised its 2022 revenue guidance.

Total revenue increased by 32% year-over-year, reaching $921 million.

Adjusted EBITDA grew by 20% year-over-year, amounting to $334 million.

The company successfully integrated Neustar and Sontiq, with strong organic growth and on-track cost savings.

TransUnion completed the acquisition of Verisk Financial Services, enhancing its capabilities in credit, marketing, and fraud markets.

Total Revenue
$921M
Previous year: $745M
+23.6%
EPS
$0.93
Previous year: $0.91
+2.2%
Adjusted EBITDA
$334M
Previous year: $300M
+11.3%
Adjusted EBITDA margin
36.3%
Previous year: 40.3%
-9.9%
Gross Profit
$623M
Previous year: $502M
+24.1%
Cash and Equivalents
$1.3B
Previous year: $433M
+199.5%
Free Cash Flow
-$47.4M
Previous year: $104M
-145.5%
Total Assets
$12.2B
Previous year: $7.29B
+67.4%

TransUnion

TransUnion

TransUnion Revenue by Segment

TransUnion Revenue by Geographic Location

Forward Guidance

TransUnion provided revenue and earnings guidance for the second quarter and full year 2022, incorporating the impact of the Verisk Financial Services acquisition. The guidance is based on several assumptions, including macroeconomic conditions and the COVID-19 pandemic.

Positive Outlook

  • Q2 2022 Revenue is expected to be between $958 million and $968 million, representing a growth of 32% to 33%.
  • Q2 2022 Adjusted EBITDA is projected to be between $347 million and $353 million, indicating a growth of 17% to 20%.
  • Q2 2022 Adjusted Diluted Earnings per Share are anticipated to be between $0.96 and $0.99, reflecting a growth of 8% to 11%.
  • FY 2022 Revenue is forecasted to be between $3.85 billion and $3.90 billion, representing a growth of 30% to 32%.
  • FY 2022 Adjusted EBITDA is expected to be between $1.405 billion and $1.440 billion, marking a growth of 21% to 24%.

Challenges Ahead

  • Net income attributable to TransUnion for Q2 2022 is expected to decline by 38% to 34%.
  • Diluted Earnings per Share for Q2 2022 are projected to decrease by 38% to 34%.
  • Net income attributable to TransUnion for FY 2022 is expected to decline by 78% to 76%.
  • Diluted Earnings per Share for FY 2022 are projected to decrease by 78% to 76%.
  • The impact of changing foreign currency exchange rates is expected to have approximately 1 point of headwind for Q2 2022 and an immaterial impact for FY 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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