Moneysupermarket.com set for record year after strong third quarter
Moneysupermarket.com is on course for a record year after reporting a 13% rise in year on year revenue for its third quarter.
Revenues at the Chester-headquartered company rose to £76m, helped by a 12% increase in insurance revenues, which hit £42.5m, and a 44% jump in home services revenues, which rose to £13.9m.
Demand continued to be strong at its MoneySavingExpert.com site, where revenues rose eight per cent to £9.1m, but earnings fell 5% to £6.9m at TravelSupermarket.com.
Overall, revenue in the year to date was up 10% to £242.5m compared to 2015.
Peter Plumb, chief executive of Moneysupermarket.com Group, said: "The group is on track for a record year, insurance is back to strong growth and MoneySavingExpert's latest collective energy switch was the biggest ever; helping over 180,000 households cut their annual energy bills.
"Our technology platform is allowing innovative services to be pioneered, including MoneySavingExpert's Credit Club and MoneySuperMarket's mobile App service.
"Moneysupermarket is well placed to lead the market in helping many more households save more money on their household bills in the years ahead."