Moneysupermarket.com (LSE:MONY) Group PLC has announced that growth was ahead of expectations in the third quarter and said underlying profit (EBITDA) for 2022 is set come in towards the higher end of market forecasts, which range from £108.5mln to £115.5mln.
Revenue, excluding the Cashback operations, increased by 15% in the third quarter and by 6% in the nine-month period to 30 September 2022, according to the financial services company.
In terms of the company’s specific sectors, Travel weakened but still grew year-on-year, whilst Money saw a significant increase of 42% in the quarter.
Moneysupermarket 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."
Moneysupermarket shares were up 6% to 210p in morning trade.