LONDON (Alliance News) - Price comparison portal Moneysupermarket.com Group PLC on Wednesday said group revenue grew in the first quarter, though revenue for its TravelSuperMarket.com brand was sapped by a tough holiday market.
Moneysupermarket said group revenue in the quarter to the end of March hit GBP83.7 million, up 9.0% year-on-year. Revenue for its MoneySuperMarket.com brand grew 12%, while revenue for MoneySavingExpert.com rose 43%.
This was partially offset by revenue for the TravelSupermarket.com channel falling 24% in the quarter, amid a challenging holiday market bruised by recent terror attacks in Europe.
Within the MoneySuperMarket.com channel, Money revenue grew 21%, driven by credit cards and current accounts, while Home Services benefited from energy customers switching providers and attractive fixed-term tariffs being offered.
Insurance revenue declined 2.0% against strong comparatives.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Moneysupermarket.Com (MONY)