1TransUnion reported Q4 revenue of $336 million, an increase of 15 percent (16 percent on a constant currency basis) compared with the fourth quarter of 2013.  Adjusted EBITDA was $97 million, an increase of 6 percent.  The net loss attributable to the Company was $13 million, an improvement of 26 percent compared with the fourth quarter of 2013. Adjusted Net Income Attributable to the company was $18 million, an increase of 5 percent compared with the fourth quarter of 2013.

TransUnion Q4 2014 ResultsEBITDA margin was 28.8 percent, compared with 31.4 percent for the fourth quarter of 2013. During the quarter, TransUnion continued to invest to integrate its recent acquisitions and to invest in key strategic growth and productivity initiatives, including a new technology platform.  Additionally, TU invested in a new brand.

“We closed out the year on a high note with strong results across all business segments driven by healthy organic growth and from the performance of our acquisitions” said Jim Peck, TransUnion’s president and chief executive officer.  “Our most recent acquisitions, L2C and DHI, provide us with unique, alternative data sources that expand the breadth and depth of our scope and enable us to offer greater value to our customers.  We are excited about the possibilities this combination of capabilities allows us to bring to market. We have also unveiled our new brand identity platform and logo, reflecting TransUnion’s focus and capabilities as an information solution provider for consumers and businesses worldwide. During 2014, we continued to make strategic investments to enable sustainable top-line growth and in key productivity initiatives to drive long-term operating leverage. We are excited about our progress and momentum as we enter 2015.”

Segment Highlights:

U.S. Information Services (USIS):  Total USIS revenue was $206 million, an increase of 14 percent compared with the fourth quarter of 2013.

  • Online Data Services revenue was $134 million, an increase of 14 percent, driven by our acquisition of TLO and an increase in online credit report volume.
  • Credit Marketing Services revenue was $36 million, an increase of 13 percent, due primarily to an increase in demand for custom data sets and archive information in the financial services and insurance markets.
  • Decision Services revenue was $37 million, an increase of 16 percent, driven by increases in the healthcare and insurance markets.

International revenue was $70 million, an increase of 14 percent (22 percent on a constant currency basis) compared with the fourth quarter of 2013, driven by increased volumes in most regions and the inclusion of revenue from our recent acquisitions of CIBIL.

  • Developed markets revenue was $24 million, an increase of 12 percent (18 percent on a constant currency basis) compared with the fourth quarter of 2013.
  • Emerging markets revenue was $46 million, an increase of 15 percent (25 percent on a constant currency basis) compared with the fourth quarter of 2013. Operating income was $7 million, an increase of 70 percent compared with the fourth quarter of 2013.

Consumer Interactive (formerly Interactive):  Consumer Interactive revenue was $60 million, an increase of 18 percent compared with the fourth quarter of 2013,
driven by an increase in the average number of subscribers and volume in our indirect channel and an increase in
direct subscribers.

Full-Year 2014 Results:  Total revenue was $1,305 million for the full year of 2014, an increase of 10 percent (12 percent on a constant currency basis) compared with the full year of 2013.

  • USIS revenue was $819 million, an increase of 11 percent compared with the full year of 2013.
  • International revenue was $256 million, an increase of 7 percent (15 percent on a constant currency basis) compared with the full year of 2013.
  • Consumer Interactive revenue was $231 million, an increase of 13 percent compared with the full year of 2013.

The net loss attributable to the Company was $13 million, an improvement of 64 percent compared with the full year of 2013. Adjusted Net Income Attributable to the Company was $84 million, an increase of 6 percent compared with the full year of 2013.  Adjusted EBITDAwas $402 million, an increase of 6 percent compared with the full year of 2013. Adjusted EBITDA margin was 30.8 percent, compared with 31.9 percent for the full year of 2013.  During the year, we continued to invest in key strategic growth and productivity initiatives, including our new technology platform, integrated our recent acquisitions and invested in our new brand launch and messaging

Source:  TransUnion Earnings Release