TransUnion · Q3 2020 earnings

Briefing

TransUnion's Q3 2020 results were in line with its Upside Case, benefiting from re-openings, government stimulus, and proactive efforts.

TransUnion reported a 1% increase in revenue to $696 million and net income of $103 million for the quarter ended September 30, 2020. The company achieved its Upside Case Outlook Scenario, with modest revenue growth and an attractive Adjusted EBITDA margin.

• TransUnion achieved third quarter 2020 results in line with its Upside Case as provided in its scenario-based outlook.
• Business performance continues to benefit from re-openings, government stimulus and our successful proactive efforts to support our associates, customers and consumers during the pandemic.
• The company is reinstating its guidance, and based on the fourth quarter 2020 guidance, expects to deliver modest revenue growth for the full year 2020.
• Strategic moves were made to build out the Media vertical through the acquisitions of Signal in the third quarter and Tru Optik early in the fourth quarter.

Headline financials

Revenue & EPS history

For the fourth quarter of 2020, revenue is expected to be between $678 million and $698 million, a decrease of 1 percent to an increase of 2 percent compared with 2019. Adjusted EBITDA is expected to be between $255 million and $271 million, a decrease of 2 to 7 percent. Adjusted Diluted Earnings per Share is expected to be between $0.74 and $0.80, a decrease of 1 percent to an increase of 7 percent.