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Birmingham Post
Birmingham Post
Technology
Lauren Phillips

Moneysupermarket.com posts strong revenue results despite collapse of energy switching market

Price comparison giant Moneysupermarket.com Group has reported strong revenue and profit growth last year, despite the closure of the energy switching market. The Flintshire-headquartered firm reported a group revenue of £387.6m for the year to 31 December 2022, up from £316.7m 12 months earlier.

The company saw strong performances in its money and travel channels, in spite of the collapse of the switching market due to rising wholesale oil and gas prices. While profit after tax was £69.3m, up 33% on £52.1m in 2021, with the full year dividend maintained at 11.71p.

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