Q3 2024 TransUnion Earnings Call Transcript
Key Points
- TransUnion (TRU) exceeded guidance across all key financial metrics for the third quarter of 2024.
- Revenue grew 12% on an organic constant currency basis, surpassing the 8% to 10% guidance range.
- The company raised its full-year 2024 guidance due to strong business momentum.
- TransUnion (TRU) achieved 14 consecutive quarters of double-digit growth in its international segment.
- The transformation program is driving material cost savings and innovation, with a focus on technology modernization and global capability centers.
- Consumer Interactive revenue, excluding breach benefits, declined mid-single digits, primarily due to challenges in the direct channel.
- The auto business grew only 1%, with the market remaining choppy due to consumer affordability challenges.
- The company is experiencing some deceleration in growth in India due to regulatory tightening by the Reserve Bank of India.
- Emerging verticals grew only 3% in the third quarter, slightly down from previous quarters.
- The adjusted tax rate was higher than expected due to an internal project to restructure legal entities.
Yes. No, good day, and welcome to the TransUnion 2020 for third quarter earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. So question, you may press star then one on your telephone keypa d. To withdraw your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Craig Barberio, Vice President of Investor Relations. Please go ahead.
Morning and thank you for attending today. Joining me on the call are Chris Cartwright, President and Chief Executive Officer, and Todd fellow, Executive Vice President and Chief Financial Officer. We posted our earnings release and slides to accompany this call on the TransUnion Investor Relations website this morning. I can also be found in the current report on Form eight K that we filed this
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