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
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT