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TransUnion Reports Third Quarter 2013 Results

TransUnion Q3 2013 ATransUnion announced total revenue for the third quarter increased 2.7 percent compared to the third quarter of 2012.  Weakening foreign currencies accounted for a decrease in revenue of 1.9 percent, while acquisitions accounted for an increase in revenue of 1.1 percent.

Revenue in the Interactive segment increased 10.5 percent compared to the third quarter of 2012, driven by an increase in the average number of subscribers and volume in our indirect channel and an increase in our average revenue per subscriber in our direct channel.

Revenue in USIS Decision Services increased 10.0 percent compared to the third quarter of 2012, driven by revenue from our recent healthcare acquisition of eScan and organic growth in the healthcare market.   Excluding the impact of foreign currencies and acquisitions, revenue in the International segment increased 8.4 percent compared to the third quarter of 2012.

Adjusted EBITDA(2) was $99.5 million, a decrease of 6.1 percent compared to the prior year, due to investments in new initiatives to drive long-term revenue growth and more efficient operations.

“In the third quarter, we generated revenue growth across all business segments while we continue to invest in strategic initiatives and new technology that will enable future top and bottom line growth, promote innovation and provide a competitive advantage,” said Jim Peck, TransUnion’s president and chief executive officer. “We are excited about our recent acquisition of eScan, a strategic investment that will further diversify and strengthen our current healthcare offerings. These near-term investments will drive long-term growth and value creation.”

Source:  TransUnion Earnings Release

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