GoCo Group Q3 revenues grow 13%

Go-Compare owner GoCo saw revenues grow throughout the third quarter, driven by strong performances in its AutoSave and Price Comparison units.

GoCo said on Friday that group revenues had risen 13% in the third quarter to £131.0m, while the firm's Price Comparison division reported a 7% year-to-date revenue increase.

The FTSE-250 listed firm also highlighted that AutoSave live customer numbers had grown 148% year-on-year to 597,000, an increase of 115,000 in the quarter.

Looking forward, GoCo added that it continues to remain "resilient" during the Covid-19 pandemic and stated it had not needed to call on government assistance schemes relating to employment or loans.

Chief executive Matthew Crummack said: "It's been a very encouraging quarter that demonstrates the resilience of our business model throughout a highly changeable environment with more customers choosing to save time and money with GoCo Group.

"The board is confident in delivering its expectations for the full year, subject to no further material impacts from Covid-19."

As of 0910 BST, Goco shares were up 5.21% at 97.0p.