Moneysupermarket.com Group has reported strong trading results for the first quarter of the year following a resurgence in its insurance and travel. The price comparison giant posted a group revenue of £106.3m in Q1 2023, up 15% from £92.3m in the same quarter last year.
The Flintshire-headquartered firm saw strong performances in its insurance and travel channels as both sectors continued to recover following the pandemic. Travel insurance also grew with revenue at around 50% above 2019 levels.
Its money channel saw revenues total £26.9m in the first quarter ending 31 March 2023, up from £24.8m in Q1 2022, reflecting the strong promotional offers in banking though partially offset by the continuing weakness in borrowing conversion, particularly in loans.
