Earnings release
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tu TransUnion Exhibit 99.1 News Release TransUnion Announces Strong Second Quarter 2021 Results Delivered strong growth , reflecting meaningful economic recovery in most of our markets and the benefits of our diversified , growth - oriented portfolio . Earnings : Increased full year 2021 financial guidance to reflect second quarter out - performance and a more bullish view of the remainder of the year . Continuing to strategically invest to position TransUnion for long - term sustained growth . CHICAGO , July 27 , 2021 - TransUnion ( NYSE : TRU ) ( the " Company " ) today announced financial results for the quarter ended June 30 , 2021 . Second Quarter 2021 Results Our results for the second quarter of 2021 reflect significant improvements in demand for our services in most of the markets where we operate , including from improving macroeconomic conditions , that impact the comparability of results between periods . Revenue : Total revenue for the quarter was $ 774 million , an increase of 22 percent ( 20 percent on a constant currency basis , 19 percent on an organic constant currency basis ) compared with the second quarter of 2020 . Net income attributable to TransUnion was $ 128 million for the quarter , compared with $ 69 million for the second quarter of 2020. Diluted earnings per share was $ 0.66 , compared with $ 0.36 for the second quarter of 2020. Our second quarter 2021 net income attributable to TransUnion and diluted earnings per share were significantly impacted by a net expense reduction of $ 32.4 million ( less an offsetting $ 8.1 million tax provision ) for the legal matter described in " Legal Proceedings Update " below . Adjusted Net Income was $ 185 million for the quarter , compared with $ 127 million for the second quarter of 2020. Adjusted Diluted Earnings per Share for the quarter was $ 0.96 , compared with $ 0.66 for the second quarter of 2020 . Adjusted EBITDA was $ 319 million for the quarter , an increase of 31 percent ( 29 percent on a constant currency basis , 29 percent on an organic constant currency basis ) compared with the second quarter of 2020. Adjusted EBITDA margin was 41.1 percent , compared with 38.2 percent for the second quarter of 2020 . " TransUnion delivered another very strong quarter as we have seen economic recovery continue to accelerate in most of our markets and are realizing the benefits of our strong , diversified portfolio , " said Chris Cartwright , President and CEO . " We have experienced significant recovery across most of our markets in the first six months of the year . Looking forward , we expect to continue to see market improvements in the second half of 2021 and we expect our organic growth to continue to outperform our underlying markets . At the same time , we recognize the continued challenges in many of our markets as the pandemic persists and continue to focus on the welfare of our employees and their families during this difficult time . " " We also hold an advantageous position with significant balance sheet flexibility to invest in our business , pursue strategic acquisitions and deleverage our balance sheet . We remain committed to funding attractive growth opportunities to help TransUnion continue to deliver top - tier revenue growth at an attractive and expanding margin over the long - term while also remaining focused on the positive impact we can have on our associates , our communities , and all of our stakeholders , " Cartwright concluded .