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Dec 31, 2023
TransUnion Q4 2023 Earnings Report
TransUnion's Q4 2023 financial performance reflected revenue growth and strategic transformation initiatives.
Key Takeaways
TransUnion announced Q4 2023 results with a 6% increase in revenue, driven by international growth. The company is implementing a transformation program expected to yield significant cost savings. While net income decreased, adjusted EBITDA remained strong, and the company provided 2024 revenue growth guidance of 3-5%.
Revenue grew by 6% in Q4, with International segment leading the growth.
Transformation program announced to optimize operating model and streamline technology.
Prepaid $25 million in debt during the quarter as part of a larger $250 million prepayment for the full year.
2024 financial guidance projects 3% to 5% revenue growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
TransUnion expects to deliver 3 to 5 percent revenue growth with expanding Adjusted EBITDA margins in 2024, assuming slow economic growth and no in-year benefits from interest rate cuts.
Positive Outlook
- Expects to deliver 3 to 5 percent revenue growth
- Anticipates expanding Adjusted EBITDA margins
- Innovative solutions and diversified portfolio driving performance
- Positioned to accelerate growth as lending and marketing activity recovers
- Transformation program expected to drive material cost savings
Challenges Ahead
- Guidance assumes slow economic growth
- Guidance assumes no in-year benefits from interest rate cuts
- Macroeconomic effects and changes in market conditions
- Risk of recession
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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