MoneySuperMarket achieves revenue growth despite strong competitor activity

Revenues at comparison website firm Moneysupermarket.com Group PLC leapt by 14% between July and September.

The Chester-based group’s overall revenue hit £76.2m in the three months to September 30, but it was the Homes Services segment of MoneySuperMarket.com that performed the strongest in terms of year-on-year growth, with takings rising by 90% to £9.7m.

Meanwhile, the website’s Insurance arm failed to grow against 2014’s figures by remaining stable with a revenue of £37.8m, which bosses attributed to stronger competitor activity during the three-month period.

Moneysupermarket Group’s CEO, Peter Plumb, said: “People are now seeing they can switch online and save money on far more than just car insurance.

“Our multi-channel offering across three brands has helped nearly five million families save over £200 on average on their bills in 2015, from energy to credit cards and broadband.”

The group’s other business, MoneySavingExpert.com, achieved yearly growth of 41% with a revenue of £8.5m

Mr Plumb continued: “I am pleased Martin Lewis is stepping up to be executive chairman of MoneySavingExpert to continue campaigning for consumers.

“We continue to grow our investment in the new technology platform to accelerate its roll out across both mobile and desktop.”

The firm’s board has forecast revenue growth to slow in the fourth quarter.

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