Moneysupermarket has released its trading results for the quarter, showing that its overall revenue is up by 4%.
That’s despite a 5% drop for its Money services, which underperformed due to “the continuing challenges in product availability.”
Insurance did see 3% growth, however, the Group said that was some “volatility” in its natural search rankings.
It’s within Energy, where it saw the biggest growth, with Home Services up 21% to £17.7m. That follows a major advertising campaign earlier this year.
“The group continued to grow in the quarter, with strong trading in energy showing that there are still big savings to be made by customers even though the price cap is lower,” said Mark Lewis, CEO of Moneysupermarket Group.
“Even better, our Reinvent strategy continues to do more for our customers – the new MoneySuperMarket Energy Monitor service means our customers need never overpay for energy ever again.”
The statement continued that they expected the “overall trading dynamics to continue to the end of the year and within that Money to weaken.”
“The Board remains confident of meeting current market expectations for the full year.”
