Earnings release
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dun & bradstreet DUN & BRADSTREET REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS Short Hills , NJ , May 5 , 2021 : Dun & Bradstreet Holdings , Inc. ( NYSE : DNB ) , a leading global provider of business decisioning data and analytics , today announced unaudited financial results for the first quarter ended March 31 , 2021 . A reconciliation of U.S. generally accepted accounting principles ( “ GAAP ” ) to non - GAAP financial measures has been provided in this press release , including the accompanying tables . An explanation of these measures is also included below under the heading " Use of Non - GAAP Financial Measures . " • • GAAP Revenue for the first quarter of 2021 was $ 504.5 million , an increase of 27.5 % as reported and 26.6 % on a constant currency basis compared to the first quarter of 2020 ; which includes the net impact of lower deferred revenue purchase accounting adjustments of $ 17.2 million . Adjusted Revenue for the first quarter of 2021 was $ 509.1 million , an increase of 28.6 % , or 27.7 % on a constant currency basis . Excluding the net impact of the Bisnode acquisition , organic revenue , before the effect of foreign exchange , was $ 420.4 million , an increase of 5.7 % compared to first quarter of 2020 , which also included a 4.4 percentage point impact from the net impact of lower deferred revenue purchase accounting adjustments of $ 17.2 million . Net loss for the first quarter of 2021 was $ 25.0 million , or diluted loss per share of $ 0.06 , compared to a net income of $ 41.9 for the prior year quarter , and adjusted net income of $ 97.8 million , or adjusted diluted earnings per share of $ 0.23 . Adjusted EBITDA for the first quarter of 2021 was $ 185.6 million , up 37.4 % compared to the first quarter of 2020 , and adjusted EBITDA margin of 36.5 % , an increase of 240 basis points ; which includes the net impact of lower deferred revenue purchase accounting adjustments of $ 17.2 million . Excluding the net impact of the Bisnode acquisition , consolidated adjusted EBITDA margin was 39.1 % for the three months ended March 31 , 2021 , an improvement of 500 basis points compared to the prior year quarter , partially due to the lower net purchase accounting deferred revenue adjustments of $ 17.2 million which had an impact of 280 basis points on the year over year margin improvement . " We are off to a strong start as we continue with our transformation and the execution of our near - term and long - term objectives . We finished the first quarter with solid financial results and made significant progress with the integration of Bisnode . " said Anthony Jabbour , Dun & Bradstreet Chief Executive Officer . Segment Results North America For the first quarter of 2021 , North America revenue was $ 339.4 million , a decrease of $ 2.1 million or 0.6 % as reported and 0.7 % on a constant currency basis compared to the first quarter of 2020. North America revenue was negatively impacted by the acquisition of Bisnode with post acquisition sales treated as intercompany revenue . Excluding the 1