By Jess Jones
Experian has said activity in its UK, Ireland and Latin America regions helped deliver strong revenue growth in its third quarter, making it more confident in its full-year forecast.
In an update to markets on Tuesday, the credit checker reported total revenue growth of nine per cent in the three months ended December 2023, which chief executive Brian Cassin said was “at the upper end” of expectations.
Experian said it now expects between five to six per cent organic revenue growth in its full year, compared to four to six per cent issued in the previous quarter.
It saw growth in all its regions.
In the UK and Ireland, which make up 12 per cent of the group’s revenue, the company has seen “sizeable new business wins and new product initiatives”, as its analytics and affordability products performed well.
Free memberships in the UK and Ireland reached 13m, up from 10.8m in the same period in 2022.
The FTSE 100 firm has ridden a wave of cautious and cash-strapped borrowers turning to data to keep track of their borrowing. Last year, Experian added 21m new customers.
