- Q3 organic revenue growth of 6%
- Full year organic revenue growth guidance increased to 5-6% (prev. 4-6%)
- Credit markets in the UK and US remain tight
Matt Britzman, equity analyst, Hargreaves Lansdown:
“Experian continues to showcase its qualities. Despite ongoing slowdowns in the lending markets, from both the US and the UK, growth in the third quarter was ahead of expectations. Lenders are still keeping their belts a little tighter than usual, as consumers and businesses battle through the current inflationary cycle. Mortgages in the US are a particular weak spot, there’s simply very little incentive to move house with many Americans sitting on long-term products at low rates.
But the range of products, across various markets, continues to hold Experian in good stead. Latin America remains a growth leader, underscoring Experian’s adept navigation of evolving financial landscapes in the region. The free credit check service remains a powerful draw across geographies, attracting millions and serving as a gateway to a suite of premium offerings.”
