MoneySuperMarket parent MONY reiterates expectations as revenue rises

(Sharecast News) - The FTSE 250 company, which owns MoneySuperMarket, MoneySavingExpert and other consumer finance platforms, said it had delivered good revenue growth in the period from 1 January to 29 April, ahead of its annual general meeting.

It said the performance reflected the breadth of its established products and brands.

MONY said its insurance division performed well, largely driven by a continued easing of headwinds in the car insurance switching market.

The money division delivered a solid performance, with borrowing growth supported by loans and banking helped by increased availability of attractive current account promotions.

Home services delivered encouraging growth, driven by higher broadband conversion and the availability of promotional energy deals before the April price cap.

Cashback performance remained affected by economic uncertainty, which continued to weigh on UK corporate marketing budgets and consumers.

The group said its strategy remained focused on growing its two-sided marketplace for customers and providers, supported by its data and technology platform.

It said it continued to make progress in converting transactional users into long-term members.

SuperSaveClub, launched in late 2023, has grown to almost 2.4m members.

MONY said the member base was loyal and engaged, with a higher customer lifetime value.

The company said the re-platforming of its data and technology systems in recent years had enabled faster innovation and supported cost control through greater efficiency.

It said teams were focused on initiatives to drive growth, deepen engagement and strengthen its brand and product universe.

MONY said it was the first price comparison site to launch a route to market through a MoneySuperMarket ChatGPT app in February.

A second version of the app was launched on Wednesday, with expanded functionality allowing customers to do more within the ChatGPT environment.

The group said its AI-powered Price Optimiser had helped more than 100,000 customers save an average of £25 since its launch in late February.

MoneySuperMarket was being developed into what the group described as an everyday money companion, with features including three-click renewal journeys, access to a secure policy documentation hub and Savings by MSM, which now includes ISAs, with investments expected to follow later in the year.

Earlier in April, MONY launched a new advertising campaign featuring David Tennant to promote its "where better off begins" message.

The group said MoneySavingExpert remained a core part of its proposition, providing independent editorial guidance and driving engagement across a large member base.

MONY launched a share buyback programme of up to £25m on 23 February under its capital allocation policy.

It said the programme was progressing well, with more than £8m repurchased to date.

The board said recent trading and continued strategic execution gave it confidence that adjusted EBITDA for 2026 would be in line with the current published consensus range.

Results are expected to be weighted towards the second half, as previously indicated.

At 0831 BST, shares in MONY Group were up 0.51% at 177.1p.

Reporting by Josh White for Sharecast.com.

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