GAAP Revenue and Adjusted Revenue for the third quarter of 2021 were $541.9 million, an increase of 21.9% and 22.0% on a constant currency basis compared to the third quarter of 2020, which includes the net impact of lower deferred revenue purchase accounting adjustments of $1.0 million.

Excluding the net impact of the Bisnode acquisition, organic revenue, before the effect of foreign exchange, was $462.5 million, an increase of 3.9% compared to third quarter of 2020, which also included a 0.2 percentage point impact from the net impact of lower deferred revenue purchase accounting adjustments of $1.0 million.

North America

For the third quarter of 2021, North America revenue was $374.1 million, an increase of $11.1 million or 3.1% and 3.0% on a constant currency basis compared to the third quarter of 2020. North America revenue was negatively impacted by the acquisition of Bisnode with post acquisition sales treated as intercompany revenue. Excluding the positive impact of foreign exchange of $0.4 million and the negative impact of the Bisnode acquisition of $1.4 million, North America organic revenue increased 3.3%.

  • Finance and Risk revenue for the third quarter of 2021 was $214.0 million, an increase of $7.4 million or 3.6% and 3.4% on a constant currency basis compared to the third quarter of 2020.
  • Sales and Marketing revenue for the third quarter of 2021 was $160.1 million, an increase of $3.7 million or 2.3% both after the effect of foreign currency and on a constant currency basis compared to the third quarter of 2020.

North America adjusted EBITDA for the third quarter of 2021 was $185.5 million, an increase of 1.0%, with adjusted EBITDA margin of 49.6%.

International

International revenue for the third quarter of 2021 was $167.8 million, an increase of $85.4 million or 103.7% and 104.5% on a constant currency basis compared to the third quarter of 2020. Excluding the net impact of the Bisnode acquisition, organic revenue before the effect of foreign exchange increased 5.4%.

  • Finance and Risk revenue for the third quarter of 2021 was $108.7 million, an increase of $41.1 million or 60.8% and 60.7% on a constant currency basis compared to the third quarter of 2020. Organic revenue before the effect of foreign exchange increased 1.8%.
  • Sales and Marketing revenue for the third quarter of 2021 was $59.1 million, an increase of $44.3 million or 299.9% and 306.5% on a constant currency basis compared to the third quarter of 2020. Organic revenue before the effect of foreign exchange increased 21.7%.

International adjusted EBITDA was $54.0 million for the three months ended September 30, 2021, an increase of 92.7%, with adjusted EBITDA margin of 32.2%.

Source: D&B Earnings Report