Investing.com -- Experian (LON:EXPN) has reported a rise in revenue, boosted by growth in its North American and Latin American operations, despite challenges faced in the UK market, on Wednesday.
The information services provider confirmed its full-year guidance, citing steady performance across its global business, although it noted a "subdued" economic environment in the UK.
In North America, which accounts for 68% of Experian’s total group revenue, the company reported a 6% organic revenue growth, or 9% excluding revenue from data breach services.
The region’s performance was led by significant growth in the B2B segment, with key areas such as mortgage services, Clarity, and Ascend analytics and marketing solutions driving the increase.
Automotive services also delivered strong growth, and targeting solutions in the digital market gained traction.
Health services saw continued success with increased bookings and strong growth in areas like claims management, collections, and patient access.
Experian's Consumer Services in North America grew by 2% organically, but excluding data breach revenue, growth accelerated to 14%.
This was driven by strong performance in its premium membership offerings, a robust insurance marketplace, and growth in its credit marketplace, helped by new partner integrations.
Meanwhile, Latin America, contributing 14% to Experian’s overall revenue, saw an 8% organic revenue increase.
The company's revenue growth in the region was further supported by a 10% rise in total revenue at constant currency, despite a 6% decline when measured at actual exchange rates due to adverse foreign exchange fluctuations.
In Brazil, Experian’s software and small-to-medium enterprise segment were key drivers of B2B performance, despite ongoing regional macroeconomic challenges.
Consumer Services in Latin America performed strongly, with the Limpa Nome debt renegotiation program in Brazil achieving solid growth, and the credit marketplace also saw positive momentum from new partner integrations.
In the UK and Ireland, which make up 12% of Experian’s revenue, organic growth was minimal at just 1%, with total growth in constant currency also reaching 1%. At actual exchange rates, revenue increased by 4%.
The B2B segment in the region saw a slight decline of 1%, reflecting the impact of a weakened UK economy and one-off factors.
However, consumer services showed better results, with 10% organic growth, driven by strong performance in both subscription and marketplace revenue, as enhancements to products and lender panels helped boost customer engagement.
Finally, Experian’s performance in EMEA and Asia Pacific, which accounts for 6% of total revenue, was marked by a notable 9% organic growth.
This was further amplified by a 35% increase in total revenue at constant currency, mainly due to the recent acquisition of the Australian firm illion.
In these regions, growth was particularly strong in Australia, South East Asia, and India, where the company continued to advance its priorities, focusing on core markets, accelerating innovation, and strengthening client relationships.