TransUnion reports Q3 adjusted EPS 91c, consensus 94c

Reports Q3 revenue $969M, consensus $982.27M. “TransUnion executed well against weakening lending and marketing activity over the course of the quarter,” said Chris Cartwright, President and CEO. “Despite these headwinds, U.S. Markets continued to grow, highlighted by high-single digit growth at Neustar. Our International segment again grew double-digits, led by India, Canada and Asia Pacific. We are revising our 2023 full-year guidance to account for slowing volumes in the U.S. and United Kingdom. We expect to deliver a good fourth quarter due to strong bookings and our vertical, product and geographic diversification. We remain focused on delivering innovative solutions to help our customers navigate uncertain market conditions. Additionally, we are proactively managing our cost structure while continuing to invest for long-term revenue growth. Finally, we prepaid $75 million of debt in the quarter for a year-to-date total of $225 million.”