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Mar 31, 2023
TransUnion Q1 2023 Earnings Report
TransUnion's Q1 2023 financial performance exceeded expectations, driven by international growth and Neustar integration progress.
Key Takeaways
TransUnion's Q1 2023 results showed revenue growth of 2% to $940 million, driven by strong international performance. Net income increased to $53 million, while adjusted EBITDA was $322 million. The company prepaid $75 million in debt and is maintaining its full-year guidance.
Exceeded first quarter 2023 financial guidance.
Grew revenues by 2 percent driven by strength in International.
Drove meaningful progress in Neustar integration, including strong cross-sell wins and data integration milestones.
Prepaid $75 million in debt in the quarter and intend to make further prepayments in the second quarter and throughout the year.
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
TransUnion is maintaining its 2023 full-year guidance, with revenue expected to be between $3.825 billion and $3.885 billion and adjusted EBITDA between $1.388 billion and $1.421 billion.
Positive Outlook
- Revenue, as reported: $948 to $958 million
- Revenue growth: As reported 1% to 3%, Constant currency 1% to 2%, Organic constant currency 1% to 2%
- Net income attributable to TransUnion: $57 to $61 million
- Net income attributable to TransUnion margin: 6.0% to 6.4%
- Adjusted EBITDA, as reported: $330 to $335 million
Challenges Ahead
- Net income attributable to TransUnion growth: (40)% to (36)%
- Diluted Earnings per Share growth: (40)% to (36)%
- Adjusted EBITDA growth, as reported: (6)% to (4)%
- Adjusted Diluted Earnings per Share growth: (18)% to (15)%
- The impact of changing foreign currency exchange rates is expected to have approximately 1 point of headwind for Q2 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income