TransUnion Stock Price, News & Analysis

TransUnion (NYSE: TRU) has partnered with Snowflake to launch TruIQ Data Enrichment on Snowflake Marketplace. This collaboration provides joint customers with unlimited, on-demand access to pseudonymized TransUnion credit data in the Snowflake AI Data Cloud. The solution addresses key challenges in data management and analytics, offering:

• Optimized identity resolution
• Control over sensitive data
• Minimum data movement

TruIQ Data Enrichment, derived from TransUnion's OneTru platform, enables faster access to credit data and the ability to link it with first and third-party datasets. This partnership aims to enhance data accessibility, security, and analytical capabilities for organizations using cloud-native technologies.

TransUnion's latest U.S. Betting Report reveals Millennials dominate high-value online betting, accounting for 57% of those spending $500+ monthly. The survey of 3,000 adults shows bettors generally have higher incomes and better credit scores than non-bettors. However, high-value bettors also show signs of financial distress, with higher rates of bill delinquency and collection agency contacts.

Key findings include:

• 20% of online bettors reported significant income increases vs. 4% of non-bettors
• 55% of online bettors have good/excellent credit scores vs. 50% of non-bettors
• 44% of high-value online bettors expect bill payment difficulties vs. 24% of non-bettors

The report suggests increased regulatory scrutiny may lead to enhanced consumer protection measures in the U.S. betting industry.

TransUnion's new study reveals a resurgence in auto leasing, with electric vehicles (EVs) playing a important role. Key findings include:

1. Leasing volumes increased from 539K in Q1 2023 to 714K in Q1 2024, approaching pre-pandemic levels.

2. EV leases accounted for 16.5% of all leases in Q2 2024, up from 11% in Q2 2022.

3. Nearly 50% of all EV originations in Q2 2024 were leases, more than double the percentage three years prior.

4. Factors driving EV leasing growth include increased inventory, dealer incentives, IRA tax credits, and more affordable options.

5. However, first-time leasees decreased to 30% in 2024, down from 33% in 2019, presenting a growth opportunity for dealers.

Integrity Marketing Group has appointed Linda Zukauckas as its new Chief Financial Officer. With 40 years of experience in optimizing financial and operational performance of global companies, Zukauckas will provide financial oversight, leadership, and influence corporate strategy across Integrity's integrated Life, Health and Wealth divisions.

Zukauckas brings a strong track record from her previous roles, including CFO of Nielsen Holdings and EVP and Deputy CFO of American Express. She will work closely with Integrity's executive team to guide growth initiatives and provide financial and data analysis leadership. Her expertise is expected to enhance Integrity's mission of delivering holistic life, health, and wealth solutions to Americans.

TransUnion (NYSE: TRU) reported its second quarter 2024 results, surpassing financial guidance. Revenue rose 8% to $1,041 million, driven by U.S. mortgage and international sectors. Net income increased to $85 million, up from $54 million in Q2 2023. Diluted EPS was $0.44, compared to $0.28 in Q2 2023. Adjusted Net Income was $193 million, with Adjusted Diluted EPS at $0.99. Adjusted EBITDA grew 11% to $377 million. The company prepaid $80 million in debt and completed refinancing, reducing interest expenses.

Segment-wise, U.S. Markets revenue was $809 million, a 6% increase, while International revenue grew 13% to $235 million. The company raised its 2024 revenue growth guidance to 7-8%, citing outperformance and a large breach remediation win.

For the first half of 2024, cash provided by operations was $349 million, and cash used in investing was $127 million. The guidance for Q3 and full year 2024 shows expectations of 7-8% revenue growth and 8-11% EBITDA growth.

TransUnion (NYSE: TRU) has partnered with SafeGuard Privacy to enhance compliance vetting for third-party audience vendors in the TruAudience Data Marketplace. This collaboration aims to streamline marketers' selection process for compliant data providers, addressing evolving privacy regulations. The partnership introduces a new data diligence questionnaire, combined with SafeGuard Privacy state law assessments, to ensure data providers adhere to privacy-safe and compliant methodologies.

The TruAudience Data Marketplace offers access to over 55,000 audiences from 50+ Data Providers, reaching 80 million streaming US households. This initiative reinforces TransUnion's commitment to maintaining high standards across its products and services, particularly as more comprehensive state and privacy laws come into effect.

TransUnion (NYSE: TRU) has been named one of Seramount's 100 Best Companies in 2024, marking its second consecutive appearance on this prestigious list. The recognition highlights TransUnion's commitment to providing inclusive benefits for families, including paid gender-neutral parental leave, subsidized childcare, and increased mental health support.

Notable achievements include a first-place ranking for mental health benefits and policies. TransUnion's Chief Human Resources Officer, Susan Muigai, emphasized the company's dedication to creating a sense of belonging and supporting employee development. The company offers a competitive Total Rewards package, featuring flexible time off, remote work options, infertility coverage, and adoption assistance.

Seramount's annual survey, which involves over 200 questions, evaluates corporations based on their leave policies, workforce representation, benefits, and advancement programs. This recognition underscores TransUnion's ongoing efforts to build an inclusive and supportive workplace for all associates.

TransUnion's latest survey, conducted among 1,200 U.S. consumers in Q2 2024, reveals high satisfaction with Buy Now, Pay Later (BNPL) loans. About 89% of users are satisfied, and 85% would recommend BNPL to others.

Approximately 40% of non-users are likely to use BNPL in the future, with this figure rising to 53% if BNPL positively impacts credit scores. The survey shows that 80% of BNPL users utilize these loans more than once a year.

TransUnion has launched capabilities to reflect BNPL loans in credit scores, aiming to boost financial inclusion. Significant findings include 86% of users being more likely to use BNPL if it improves credit scores and over half of users across income tiers valuing the ability to build credit scores through BNPL.

TransUnion (NYSE: TRU) has announced a collaboration with Asurint to enhance its TruVision™ Resident Screening solution for multifamily property managers. This partnership integrates Asurint’s comprehensive criminal background reporting, ensuring compliance with federal, state, and local regulations. The enhanced solution offers nationwide automated coverage and improves the speed of background checks, delivering most reports within minutes and same-day for more complex cases. The solution aims to assist property managers in making informed decisions while maintaining consumer privacy.