1TransUnion’s  consolidated revenue was $389 million, an increase of 15 percent (18 percent on a local currency basis) compared with the third quarter of 2014. The net loss attributable to TransUnion was $4 million compared with a net loss attributable to TransUnion of $3 million in the third quarter of 2014. Diluted earnings per share was $(0.02) flat compared with the third quarter of 2014.

Adjusted EBITDA was $140 million, an increase of 11 percent (14 percent on a local currency basis) compared with the third quarter of 2014, as the increase in revenue was partially offset by investments in the business to drive future growth and more efficient operations. Adjusted Net Income was $56 million, an increase of 41 percent compared with the third quarter of 2014. Adjusted Diluted Earnings per Share was $0.30 compared with $0.27 in the third quarter of 2014.

“We delivered another quarter of double-digit revenue and Adjusted EBITDA growth, driven by broad-based, organic growth in all segments on a local currency basis,” said Jim Peck, TransUnion’s president and chief executive officer. “We are seeing strong business and consumer demand for our core offerings and new, innovative solutions across our verticals, channels and geographies. This robust performance is enabling further investments in key strategic growth and productivity initiatives that will drive diversified top-line growth and long-term operating leverage. We expect a strong finish in the fourth quarter to cap off what has been a very good year.”

TransUnion Q3 2015 ResultsSegment Highlights

U.S. Information Services (USIS)

Total USIS revenue was $244 million, an increase of 14 percent compared with the third quarter of 2014, driven by double-digit revenue growth across all platforms. Online Data Services revenue was $159 million, an increase of 11 percent, driven primarily by an increase in credit report volumes. Marketing Services revenue was $40 million, an increase of 12 percent, due primarily to an increase in demand for custom data sets and archive information driven by demand for new solutions and revenue from acquisitions. Decision Services revenue was $45 million, an increase of 27 percent, due primarily to revenue growth in the healthcare and insurance markets and revenue from acquisitions.

Operating income was $47 million, an increase of 36 percent compared with the third quarter of 2014. Adjusted Operating Income was $87 million, an increase of 9 percent compared with the third quarter of 2014. The increase in Adjusted Operating Income was due primarily to the increase in revenue along with savings enabled by the initiative to transform our technology platform, partially offset by investments in key strategic growth initiatives and additional depreciation and amortization.

International

International revenue was $69 million, flat compared with the third quarter of 2014. On a local currency basis, International revenue increased 17 percent. Developed markets revenue was $25 million, an increase of 2 percent (15 percent on a local currency basis) compared with the third quarter of 2014. Emerging markets revenue was $44 million, a decrease of 1 percent (increase of 18 percent on a local currency basis) compared with the third quarter of 2014.

Operating income was $8 million, a decrease of 7 percent compared with the third quarter of 2014. Adjusted Operating Income was $19 million, a decrease of 10 percent compared with the third quarter of 2014. On a local currency basis, Adjusted Operating Income increased 5 percent.2 The increase in local currency revenue was offset by investments in cost management initiatives to drive operating efficiencies and long-term margin expansion, along with additional depreciation and amortization.

Consumer Interactive

Consumer Interactive revenue was $80 million, an increase of 37 percent compared with the third quarter of 2014, driven by an increase in revenue from both the direct and indirect channels.

Operating income was $32 million, an increase of 68 percent compared with the third quarter of 2014. Adjusted Operating Income was $34 million, an increase of 51 percent compared with the third quarter of 2014. The increase in Adjusted Operating Income was driven primarily by the increase in revenue, partially offset by an increase in variable product costs associated with the increased revenue and investments in advertising.

1 Local currency calculated by restating prior year Adjusted EBITDA using the current year exchange rates.

2 Local currency calculated by restating prior year Adjusted Operating Income using the current year exchange rates.

Fourth Quarter and Full Year Outlook

For the fourth quarter, consolidated revenue is expected to be between $367 million and $369 million, an increase of approximately 9 to 10 percent (13 percent on a local currency basis) compared with the fourth quarter of 2014. Adjusted EBITDA is expected to be between $125 million and $127 million, an increase of approximately 8 to 9 percent (11 to 12 percent on a local currency basis) compared with the fourth quarter of 2014.

For the full year, consolidated revenue is expected to be approximately $1.489 billion, an increase of approximately 14 percent (17 percent on a local currency basis) compared with full year 2014. Adjusted EBITDA is expected to be approximately $516 million, an increase of approximately 14 percent (16 percent on a local currency basis) compared with full year 2014.

Source: TransUnion Earnings Release