TransUnion : Recast Historical Segment Revenue and Adjusted EBITDA (Unaudited) - Form 8-K
April 23, 2024 at 03:48 pm IST
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Recast Historical Segment Revenue and Adjusted EBITDA (Unaudited)
The following tables present the segment results of operations for the years ended 2022 and 2023 as recast under the new operating segment structure. Adjusted EBITDA is the measure of profit or loss used by TransUnion's (the "Company") chief operating decision maker in accordance with Accounting Standards Codification 280, Segment Reporting.
Three Months Ended
Twelve Months Ended
March 31, 2023
June 30, 2023
September 30, 2023
December 31, 2023
December 31, 2023
Revenue:
U.S. Markets gross revenue
Financial Services
$
312.3
$
323.6
$
313.7
$
295.3
$
1,244.9
Emerging Verticals
285.1
295.6
297.3
290.3
1,168.2
Consumer Interactive
142.3
144.0
143.1
150.3
579.7
U.S. Markets gross revenue
$
739.7
$
763.1
$
754.0
$
735.8
$
2,992.8
International gross revenue
Canada
$
31.7
$
35.3
$
36.9
$
36.6
$
140.5
Latin America
28.8
30.2
31.2
31.6
121.8
United Kingdom
52.1
54.0
54.5
55.9
216.6
Africa
14.6
14.5
15.2
16.3
60.6
India
54.7
51.0
56.1
57.1
218.9
Asia Pacific
21.7
23.2
23.1
24.0
91.9
International gross revenue
$
203.6
$
208.1
$
217.1
$
221.5
$
850.4
Total gross revenue1
$
943.4
$
971.3
$
971.2
$
957.3
$
3,843.1
Intersegment revenue eliminations1
U.S. Markets
$
(1.7)
$
(1.9)
$
(1.0)
$
(1.6)
$
(6.2)
International
(1.4)
(1.4)
(1.5)
(1.4)
(5.7)
Total intersegment revenue eliminations
$
(3.1)
$
(3.3)
$
(2.5)
$
(3.0)
$
(11.9)
Total revenue as reported
$
940.3
$
968.0
$
968.7
$
954.3
$
3,831.2
Adjusted EBITDA:
U.S. Markets
$
268.8
$
288.5
$
293.7
$
268.1
$
1,119.0
International
87.3
86.7
97.0
96.5
367.5
Corporate
(33.8)
(36.0)
(34.5)
(38.6)
(142.8)
Adjusted EBITDA margin:2
U.S. Markets
36.3
%
37.8
%
38.9
%
36.4
%
37.4
%
International
42.9
%
41.6
%
44.7
%
43.6
%
43.2
%
Three Months Ended
Twelve Months Ended
March 31, 2022
June 30, 2022
September 30, 2022
December 31, 2022
December 31, 2022
Revenue:
U.S. Markets gross revenue
Financial Services
$
303.8
$
321.8
$
313.3
$
286.8
$
1,225.6
Emerging Verticals
273.7
288.2
284.2
282.1
1,128.1
Consumer Interactive
149.6
147.4
147.3
141.0
585.3
U.S. Markets gross revenue
$
727.0
$
757.4
$
744.7
$
709.9
$
2,939.0
International gross revenue
Canada
$
31.0
$
33.5
$
32.7
$
32.4
$
129.7
Latin America
27.6
29.8
28.9
27.9
114.3
United Kingdom
60.6
54.6
53.6
53.9
222.7
Africa
14.8
15.7
15.6
15.8
61.8
India
45.2
40.2
44.4
44.4
174.2
Asia Pacific
17.8
20.1
21.1
21.3
80.3
International gross revenue
$
197.0
$
193.8
$
196.3
$
195.8
$
782.9
Total gross revenue1
$
924.0
$
951.2
$
941.0
$
905.7
$
3,722.0
Intersegment revenue eliminations1
U.S. Markets
$
(1.3)
$
(1.4)
$
(1.3)
$
(2.1)
$
(6.1)
International
(1.5)
(1.5)
(1.5)
(1.5)
(6.0)
Total intersegment revenue eliminations
$
(2.7)
$
(2.9)
$
(2.8)
$
(3.6)
$
(12.1)
Total revenue as reported
$
921.3
$
948.3
$
938.2
$
902.1
$
3,709.9
Adjusted EBITDA:
U.S. Markets
$
283.7
$
299.3
$
289.5
$
271.4
$
1,144.0
International
83.7
82.7
85.8
84.5
336.7
Corporate
(33.4)
(33.1)
(34.7)
(34.6)
(135.7)
Adjusted EBITDA margin:2
U.S. Markets
39.0
%
39.5
%
38.9
%
38.2
%
38.9
%
International
42.5
%
42.7
%
43.7
%
43.1
%
43.0
%
1.Under the Company's previous segment structure, the Company had intersegment revenue in its U.S. Markets segment, with equal and offsetting intercompany expense in the Consumer Interactive segment. Following the combination of these segments into one segment, the Company no longer has this intersegment revenue.
2.Segment Adjusted EBITDA margins are calculated using segment gross revenue and segment Adjusted EBITDA.
TRANSUNION AND SUBSIDIARIES
Recast Historical Segment Revenue and Adjusted EBITDA (Unaudited)
Organic CC Growth1
Growth for the 2023 Period Compared With the Corresponding 2022 Period
Q1
Q2
Q3
Q4
Full Year
Revenue:
Consolidated
1.7
%
3.1
%
3.2
%
5.4
%
3.3
%
U.S. Markets
(0.8)
%
0.8
%
1.2
%
3.6
%
1.2
%
Financial Services
(1.4)
%
0.6
%
0.1
%
3.0
%
0.5
%
Emerging Verticals
2.0
%
2.6
%
4.6
%
2.9
%
3.0
%
Consumer Interactive
(4.7)
%
(2.2)
%
(2.8)
%
6.5
%
(0.9)
%
International
11.1
%
12.4
%
10.4
%
11.5
%
11.3
%
Canada
8.9
%
11.0
%
16.1
%
13.1
%
12.3
%
Latin America
10.9
%
4.9
%
2.7
%
5.1
%
5.8
%
United Kingdom
(7.9)
%
(0.5)
%
(4.9)
%
(1.5)
%
(3.8)
%
Africa
14.3
%
10.2
%
7.9
%
11.4
%
10.9
%
India
32.4
%
35.2
%
31.0
%
30.1
%
32.1
%
Asia Pacific
23.3
%
16.7
%
9.0
%
11.8
%
14.9
%
Adjusted EBITDA:
Consolidated
(0.3)
%
(1.6)
%
4.5
%
1.2
%
0.9
%
U.S. Markets
(3.9)
%
(3.6)
%
1.4
%
(1.1)
%
(1.8)
%
International
12.7
%
9.5
%
12.8
%
12.8
%
12.0
%
1.Organic Constant Currency ("CC") growth rates assume foreign currency exchange rates are consistent between years and exclude the impact of inorganic activity from recent business acquisitions. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates and inorganic activity.
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TransUnion published this content on
23 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
23 April 2024 10:17:32 UTC.
TransUnion is a global information and insights company. The Company operates through three segments: U.S. Markets, International and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights and analytics to businesses. These businesses use its services to engage and acquire customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and mitigate fraud risk. The International segment provides services similar to its U.S. Markets segment to businesses in select regions outside the United States. The Consumer Interactive segment offers solutions that help consumers manage their personal finances and take precautions against identity theft. Services in Consumer Interactive include credit reports and scores, credit monitoring, identity protection and resolution, and financial management for consumers.