Moneysupermarket Q3 revenue up 33% to £102m

Shares of Chester-based price comparison website Group Plc rose about 8% after it reported trading results for the quarter ended September 30, 2022, and said it expects full-year EBITDA to be “towards the upper end of market expectations.”

Moneysupermarket said market expectations of adjusted EBITDA for 2022 are in a range of £108.5 million to £115.5 million, with an average of £110.5 million.

The group said its total revenue grew 33% to £101.9 million in the three months to September 30.

In its outlook, Moneysupermarket said its Q3 performance was ahead of expectations, particularly in Money.

“Factors affecting our performance for 2022 are unchanged from those outlined in our interim results in July,” said the firm.

“The board expects full-year EBITDA to be towards the upper end of market expectations.”

Moneysupermarket Group CEO Peter Duffy said: “The cost-of-living crisis makes our purpose of helping households save money as important as ever.

“This quarter was another good performance.

“There are early signs of improving trends in the Insurance market, and in Money more consumers are finding attractive products to switch to.

“Our strong brands are well equipped to support consumers at this critical time.”