Moneysupermarket.com Q3 Revenue Down, Sees FY EBITDA In Line With Current Market View

Moneysupermarket.com Group Plc (MONY.L) reported Tuesday that its third-quarter total revenue declined 10 percent from last year to 76.4 million pounds.

Looking ahead, the company said it anticipates full-year EBITDA in line with current market expectations

Across the business, the company expects to see continued strong gross margin performance. The company said it does not anticipate energy market conditions will improve this year and therefore expect that switching will be negligible in the fourth quarter.

In its trading update, the company said Insurance revenue dropped 10 percent to 41.3 million pounds, and Home Services revenue fell 46 percent to 13.9 million pounds.

However, revenues from Money segment grew 58 percent and travel increased 29 percent.

Peter Duffy, CEO of Moneysupermarket, said, "We have continued to make improvements in our business, building towards a leading data, marketing and technology platform. We maintained our strong margin performance and good cash conversion despite the very tough energy market. We are encouraged by the performance of Money and the early signs of Travel recovery following changes to travel restrictions."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. has launched a new feature to allow some users of its Blue subscriber service to keep non-fungible tokens or NFTs as their profile pictures. Twitter Blue is now available in the US, Canada, Australia, and New Zealand. NFT is a crypto token, which is non-fungible, meaning that it can neither be transferred like money nor replaced with something else. Frozen Food Development is recalling specific lots of Lidl branded 12-ounce packages of Frozen Chopped Spinach citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The product comes in 12-ounce poly bags, and items included in the recall are marked with lot # R17742 or R17963 on the back of the poly bag with a best by date of 09/10/23. Starbucks has dropped its vaccine or weekly test requirement against Covid-19 for U.S. employees in the wake of last week's U.S. Supreme Court ruling. The court, in a 6-3 vote, has blocked President Joe Biden's vaccine-or-test mandate for private companies with 100 or more employees. However, it allowed the vaccine mandate to stand for certain health care workers.
Follow RTT