TransUnion (NYSE:TRU) Q1 2024 Earnings Call Transcript

ChrisCartwright: Yes. Well, I would say our international forecast in total does reflect a similar prudent approach that we’ve tried to take across the Enterprise. Obviously, we’re really pleased with the first quarter, but we were careful not to extrapolate from those results across the full year. Canada, in addition to India is a real call out for many, many years now, that team has executed well, has won a lot of customers further penetrated the entirety of the customer base with a range of solutions and has been posting outside growth. We’re doing great in South Africa and across Africa broadly. And again, India is a huge standout and a privilege for TransUnion to be able to participate in. Asia Pacific has also had a great rebound.

We’re seeing exciting things in the Philippines. We’re very bullish about the potential for developing our franchise there. And LatAm is doing well, and we hope and expect to produce better results in Brazil. And look, in the U.K., the U.K. has been a tough slog. That economy has been through a lot. Inflation and interest rates have been very high. And we were probably overweighted there more toward short-term money lenders and fintech, which have had a particularly hard time in these past couple of years. Now that that’s kind of flattening out, the robust growth we’ve been enjoying in kind of core mainstream banking is going to start to shine through as well as some of the diversifications into gaming and gambling market in the U.K., which is quite well developed.

Hopefully, I didn’t leave anybody out as I went around the horn here, apologies. I know if it’s intended if have. Look, international is rolling well and we expect to continue post really good results this year.

Greg Bardi: Great. That brings us to the end of today’s call. Thank you for your time today, and have a great rest of the day. Thanks.

Operator: The conference has now concluded. Thank you for your participation. You may now disconnect your lines.