STERLING, Va.--(BUSINESS WIRE)--May 4, 2017-- Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today announced results for the quarter ended March 31, 2017.

Neustar reported revenue of $293.2 million for the first quarter of 2017, with Information Services revenue of $164.9 million. Marketing Services contributed $65.0 million in revenue from services that help customers promote their businesses and mitigate risk. Security Services contributed $46.9 million in revenue from services that direct Internet traffic, resolve Internet queries, protect against DDoS attacks, and administer domain-name registries. Data Services contributed $53.0 million in revenue from services that enable clients to process decisions and transactions in real time. NPAC Services contributed $128.3 million in revenue.

Net income for the first quarter of 2017 totaled $45.4 million, or $0.80 per share.

Neustar ended the quarter with cash and cash equivalents of $47.0 million and outstanding debt under its credit facilities and senior notes of $751.6 million. During the quarter, Neustar paid $77.4 million of principal under its term loan facility, including $50.0 million in voluntary prepayments of principal.

This press release is available on the company's website under the Investor Relations tab.

About Neustar, Inc.

Every day, the world generates roughly 2.5 quadrillion bits of data. Neustar isolates certain elements and analyzes, simplifies and edits them to make precise and valuable decisions that drive results. As one of the few companies capable of knowing with certainty who is on the other end of every interaction, we're trusted by the world's great brands to make critical decisions some 20 billion times a day. We help marketers send timely and relevant messages to the right people. Because we can authoritatively tell a client exactly who is calling or connecting with them, we make critical real-time responses possible. And the same comprehensive information that enables our clients to direct and manage orders also stops attackers. We know when someone isn't who they claim to be, which helps stop fraud and denial of service before they're a problem. Because we're also an experienced manager of some of the world's most complex databases, we help clients control their online identity, registering and protecting their domain name, and routing traffic to the correct network address. By linking the most essential information with the people who depend on it, we provide more than 11,000 clients worldwide with decisions-not just data. More information is available at www.neustar.biz.

NEUSTAR, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months Ended
March 31,
2016 2017
(unaudited)
Revenue $ 287,298 $ 293,186
Operating expense:
Cost of revenue (excluding depreciation and amortization shown separately below) 91,351 87,916
Sales and marketing 55,323 56,557
Research and development 7,549 6,672
General and administrative 27,518 28,360
Depreciation and amortization 38,482 34,927
Restructuring charges 2,664 27
Separation costs - 1,789
222,887 216,248
Income from operations 64,411 76,938
Other (expense) income:
Interest and other expense (17,111 ) (12,271 )
Interest income 174 72
Income before income taxes 47,474 64,739
Provision for income taxes 16,099 19,296
Net income $ 31,375 $ 45,443
Net income per common share:
Basic $ 0.58 $ 0.82
Diluted $ 0.57 $ 0.80
Weighted average common shares outstanding:
Basic 53,953 55,311
Diluted 54,940 57,022
NEUSTAR, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31,
2016		 March 31,
2017
(audited) (unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 45,773 $ 47,048
Restricted cash 2,283 2,141
Accounts receivable, net 207,595 188,930
Unbilled receivables 19,795 15,618
Prepaid expenses and other current assets 41,680 35,867
Deferred costs 11,469 10,909
Income taxes receivable 13,586 612
Total current assets 342,181 301,125
Property and equipment, net 145,821 149,363
Goodwill 1,168,982 1,172,792
Intangible assets, net 423,957 405,429
Other assets, long-term 17,771 16,670
Total assets $ 2,098,712 $ 2,045,379
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 21,095 $ 22,569
Accrued expenses 134,545 97,959
Deferred revenue 91,188 96,035
Notes payable 103,725 89,219
Capital lease obligations 1,457 470
Other liabilities 11,632 9,306
Total current liabilities 363,642 315,558
Deferred revenue, long-term 22,437 22,850
Notes payable, long-term 702,946 642,750
Deferred income tax liabilities, long-term 35,088 41,131
Other liabilities, long-term 53,298 53,257
Total liabilities 1,177,411 1,075,546
Total stockholders' equity 921,301 969,833
Total liabilities and stockholders' equity $ 2,098,712 $ 2,045,379

View source version on businesswire.com:http://www.businesswire.com/news/home/20170504005940/en/

Source: Neustar, Inc.

Neustar, Inc.
Investor Relations Contact:
Dave Angelicchio, 571-434-3443
InvestorRelations@neustar.biz
or
Press Contact:
Carolin Bachmann, 415-659-6466
PR@neustar.biz

NeuStar Inc. published this content on 04 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 May 2017 20:25:22 UTC.

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