Thu, Jul 25, 8:27 PM (44 days ago)
TransUnion's Q2 2024 financial performance shows solid growth and operational improvements. Revenue increased by 7.5% YoY to $1,040.8 million, driven by gains in both U.S. Markets and International segments. U.S. Markets saw a 6.0% rise in revenue, led by Financial Services and Emerging Verticals, while Consumer Interactive saw a slight decline. International revenue grew 13.1%, with notable contributions from India and Latin America. Operating expenses rose by 6.0% due to higher product costs and investments in technology, but this was offset by savings from an ongoing transformation plan. Adjusted EBITDA increased by 11.0%, reflecting improved operational efficiency. Net income attributable to TransUnion surged by 57.6% to $85.0 million, aided by lower interest expenses and better cost management. The company continues to focus on its transformation plan, which includes optimizing its operating model and advancing its technology infrastructure. Cash flow from operations was strong at $349.2 million, up from $292.7 million in the prior year, supporting ongoing investments and debt reduction.