Revenue Growth Exceeds Expectations
TransUnion exceeded guidance on revenue and adjusted EBITDA for a fifth consecutive quarter. Revenue grew 9% on an organic constant currency basis, surpassing the 6% to 8% guidance range.
Financial Services Robust Performance
The U.S. Financial Services segment grew 21%, with mortgage up 80%. Non-mortgage Financial Services accelerated to 7% growth.
International Markets Expansion
International revenue grew 12% on a constant currency basis, with India growing 18% and Asia-Pacific and Latin America also achieving double-digit growth.
Debt Refinancing Success
TransUnion prepaid $45 million in debt in the quarter, totaling $150 million in 2024, and successfully refinanced over $2.3 billion of term loans, reducing annual interest expense by $5 million.
Innovation and Product Launches
Launched several products on the OneTru platform, including TruIQ Data Enrichment and TruValidate fraud mitigation, driving strong pipeline and new business wins.
Improved Adjusted EBITDA Margin
Adjusted EBITDA increased 16% with a margin of 36.5%, up 230 basis points.