Dun & Bradstreet Holdings, Inc. (DNB), a leading provider of business decisioning data and analytics, saw its stock soar by 6.83% on October 31, 2024, after reporting robust financial results for the third quarter. The company's strong performance was driven by solid demand for its core products and its continued focus on innovation through artificial intelligence (AI) solutions.

DNB reported revenue of $609.1 million for the third quarter, a 3.5% increase compared to the same period last year, beating analysts' estimates. Organic revenue growth was 3.4% on a constant currency basis. The company's adjusted EBITDA rose by 5.1% to $247.4 million, with an adjusted EBITDA margin of 40.6%.

The company's strong performance was fueled by strong demand for its Master Data Management and Risk Solutions offerings in both its North America and International segments. Additionally, the recent launch of Chat D&B, DNB's generative AI assistant that provides instantaneous and actionable business insights, has been well-received by customers, contributing to the company's growth.

DNB's Chief Executive Officer, Anthony Jabbour, highlighted the company's focus on innovation, stating, "We remain focused on bringing innovation to drive value to our clients across their most critical use cases, as demonstrated by the renewals, expansions and new wins across our business. In particular, we are excited about the recent release of Chat D&B, our generative AI assistant that produces instantaneous and actionable business insights on companies and professional contacts."

The company reaffirmed its full-year guidance, expecting adjusted EBITDA to be in the range of $930 million to $950 million and adjusted EPS between $1.00 and $1.04. DNB's strong financial performance and continued commitment to innovation through AI solutions like Chat D&B have fueled investor confidence, driving the stock's surge on October 31, 2024.