TransUnion reports Q3 net loss of $400M on $495M UK goodwill impairment; cuts FY revenue growth to 2-3%

TransUnion

2023-Q3 EPS reported -$1.52 revenue$2,876,900,000

Revenue $969M (+3% YoY); GAAP diluted EPS $(2.07) vs $0.41; adjusted EPS $0.91 vs $0.93.
Non-cash goodwill impairment of $495M for UK reporting unit due to worsening macro conditions affecting FinTech lenders.
U.S. Markets revenue +2%; International +12% (India +26%); Consumer Interactive -3%.
Prepaid $75M debt in Q3, YTD $225M; cash from operations $444M for nine months.
FY2023 guidance revised: revenue growth 2-3%, adjusted EBITDA $1.32-1.333B, adjusted EPS $3.24-3.28.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TransUnion reported the quarter ended September 30, 2023 results: revenue $969 million, net income $(400) million, EPS $(2.07). Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $969 million
Net income: $(400) million
EPS: $(2.07)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(NYSE: TRU) (the “Company”) today announced financial results for the quarter ended September 30, 2023. Third Quarter 2023 Results Revenue: • Total revenue for the quarter was $969 million, an increase of 3 percent (3 percent on a constant currency basis), compared with the third quarter of 2022. Earnings: • Net income (loss) attributable to TransUnion was $(400)

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Source: SEC EDGAR

accession 0001552033-23-000047

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