Dun & Bradstreet Q3 Earnings Beat Estimates; Buys Eyeota, NetWise For Undisclosed Sum

Dun & Bradstreet Holdings Inc DNB has agreed to acquire Eyeota and NetWise. Financial terms were not disclosed.
Dun & Bradstreet expects these acquisitions to extend its position in the B2B online marketing value chain and build upon its Audience Solutions business.
"With the addition of these two complementary companies, we will be doubling down on our Audience Solutions business, which has grown over 40 percent year-to-date," commented Anthony Jabbour, CEO of Dun & Bradstreet.
Dun & Bradstreet held cash and cash equivalents of $234.4 million as of September 30, 2021.
Dun & Bradstreet noted that the Eyeota transaction is in the process of closing and expects the NetWise transaction to close in the next month.
Q3 Results: Dun & Bradstreet reported Q3 revenue of $541.9 million, increasing 21.9% year-over-year, nearly at par with the consensus of $541.83 million.
Adjusted EBITDA was $220.4 million (+12.3% Y/Y), and the margin was 40.7%.
Adjusted EPS of $0.29 beat the consensus of $0.26.
FY21 Outlook: Dun & Bradstreet reiterated adjusted revenue outlook of $2.145 billion - $2.175 billion vs. consensus of $2.16 billion.
It increased the adjusted EPS guidance to $1.06 - $1.09 (prior guidance at the high end of $1.02 - $1.06) against the consensus of $1.05.
Price Action: DNB shares are trading higher by 7.82% at $20.12 on the last check Thursday.

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