Total revenue for the 4th quarter was $613 million, an increase of 21 percent compared with the fourth quarter of 2017 (22 percent on a constant currency basis, 11 percent on an organic constant currency basis).

Adjusted revenue, which removes the impact of deferred revenue purchase accounting reductions and other adjustments to revenue for our recently acquired entities, was $624 million for the quarter, an increase of 23 percent compared with the fourth quarter of 2017 (25 percent on a constant currency basis, 11 percent on an organic constant currency basis).

Fourth Quarter 2018 Segment Results

U.S. Information Services (USIS): USIS revenue was $369 million, an increase of 18 percent compared with the fourth quarter of 2017 (12 percent on an organic basis). USIS Adjusted Revenue was $370 million

  • Financial Services revenue was $190 million, an increase of 19 percent compared with the fourth quarter of
    2017 (15 percent on an organic basis).
  • Emerging Verticals, which includes Healthcare, Insurance and all other verticals, revenue was $179 million,
    an increase of 18 percent compared with the fourth quarter of 2017 (9 percent on an organic basis). Adjusted
    revenue was $180 million.

Adjusted EBITDA was $142 million, an increase of 17 percent compared with the fourth quarter of 2017 (12 percent
on an organic basis).

International revenue was $141 million, an increase of 47 percent compared with the fourth quarter of 2017 (54 percent
on a constant currency basis, 17 percent on an organic constant currency basis). International Adjusted Revenue was
$151 million.

  • Canada revenue was $26 million, an increase of 12 percent (16 percent on a constant currency basis) compared
    with the fourth quarter of 2017.
  • Latin America revenue was $27 million, an increase of 5 percent (14 percent on a constant currency basis)
    compared with the fourth quarter of 2017.
  • United Kingdom revenue was $35 million. Adjusted Revenue was $45 million.
  • Africa revenue was $16 million, an increase of 11 percent (17 percent on a constant currency basis) compared
    with the fourth quarter of 2017.
  • India revenue was $22 million, an increase of 23 percent (37 percent on a constant currency basis) compared
    with the fourth quarter of 2017.
  • Asia Pacific revenue was $15 million, a decrease of 1 percent (essentially flat on a constant currency basis)
    compared with the fourth quarter of 2017.

Adjusted EBITDA was $62 million, an increase of 68 percent compared with the fourth quarter of 2017 (27 percent
on an organic constant currency basis).

Consumer Interactive revenue was $121 million, an increase of 6 percent compared with the fourth quarter of 2017.
Revenue in the fourth quarter of 2018 included approximately $5 million of incremental credit monitoring revenue
due to a breach at a competitor.  Adjusted EBITDA was $62 million, an increase of 9 percent compared with the fourth quarter of 2017.

Full Year 2018 Results Total revenue for the year was $2,317 million, an increase of 20 percent compared with 2017 (20 percent on a constant currency basis, 12 percent on an organic constant currency basis).

Adjusted Revenue was $2,345 million for the year, an increase of 21 percent compared with 2017 (22 percent on a constant currency basis, 12 percent on an organic constant currency basis). Acquisitions accounted for an 8 percent increase in revenue and a 9 percent increase in Adjusted Revenue. Net income attributable to TransUnion was $277 million for the year, a decrease of 37% on an as reported and constant currency basis, compared with 2017.

Diluted earnings per share was $1.45 for the year, compared with $2.32 in 2017. Our 2017 net income attributable to TransUnion and diluted earnings per share were significantly impacted by estimated tax provision benefits from the Tax Cuts and Jobs Act. Adjusted Net Income was $477 million, compared with $356 million in 2017. Adjusted Diluted Earnings per Share was $2.50 for the year, compared with $1.87 in 2017. Adjusted EBITDA for the year was $917 million, an increase of 23 percent compared with 2017 (23 percent on a constant currency basis). Adjusted EBITDA margin for the year was 39.1 percent, compared with 38.7 percent in 2017.

New Segment Disclosures:  Over the past few years, we have completed a significant number of acquisitions that have transformed our business. We have also developed a significant number of new product offerings that have further diversified our portfolio of businesses.  As a result of the evolution of our business, we have changed the disaggregated revenue and our measure of segment profit (Adjusted EBITDA) information that we provide to our chief operating decision makers (our “CODM”) to better align with how we manage the business.

Accordingly, our disclosures around the disaggregation of our revenue and the measure of segment profit have been recast for all periods presented in this earnings release and supporting schedules to conform to the information used by our CODM. We have not changed our reportable segments and these changes do not impact our consolidated results. For supplemental information, refer to our investor relations website, www.transunion.com/tru, where we have posted a schedule that shows this new basis of accounting for each quarter of 2018 and for the full years of 2016, 2017 and 2018.

Source: TransUnion Earnings Release