Moneysupermarket.com Group PLC on Tuesday said revenue was up on both a third quarterly and nine-monthly basis, which gave it continued confidence that its full-year results would meet market expectations.

In the three months that ended September 30, the Chester, England-based price comparison website said revenue rose 14% to £115.6 million from a year earlier.

Within this, Insurance revenue rose 38% to £62.3 million, while Money revenue was down 10% to £25.2 million and Travel revenue rose 31% to £6.1 million.

Home Services revenue ticked down 1% to £10.3 million, while Cashback revenue fell 3% to £13.9 million.

In the nine months that ended September 30, total revenue rose 12% to £329.4 million from a year earlier.

Within this, Insurance revenue rose 28% to £167.9 million, Money revenue fell 5% to £77.1 million and Travel revenue rose 38% to £17.7 million.

Home Services revenue ticked down 1% to £28.9 million, while Cashback revenue was flat at £43.0 million.

Moneysupermarket.com noted continued strong growth in ‘all core Insurance channels’, with high levels of switching in car and home insurance continuing.

This was supported by ongoing premium inflation and rebounding volumes post the UK Financial Conduct Authority general insurance pricing regulations introduced last year, Moneysupermarket.com said.

In Money, Moneysupermarket.com said robust banking performance was assisted by several promotions in current accounts, although ‘lapping a period of very strong savings and current account deals last year’. It also noted that the high interest rate environment ‘continues to impact conversion’ for borrowing products.

In Home Services, it saw continued softness in broadband switching, partially offset by strong growth in mobile switching, while it continues to see no material switching in energy.

In Travel, Moneysupermarket.com said it continued to grow as the wider market recovers, with strength in package holidays, while in Cashback, it continued to face headwinds in retail and telecommunications.

Looking ahead, Moneysupermarket.com said its ‘resilient’ business model and ongoing strategic progress gave the board ‘continued confidence’ that its full-year results will meet market expectations.

Moneysupermarket.com said analyst consensus for its 2023 adjusted earnings before interest, tax, depreciation and amortisation is between £128.6 million and £132.2 million.

‘We help millions of people save money on their bills. While headwinds in some of our markets persist, we’re making progress on our strategy - expanding our offering while attracting and retaining customers more efficiently,’ said Moneysupermarket.com Chief Executive Officer Peter Duffy.

‘We’re particularly excited to have launched a rewards and loyalty programme under the MoneySuperMarket brand, the SuperSaveClub. It’s very simple - if we help customers save more, we will drive profitable growth for the group.’

Shares in Moneysupermarket.com were up 3.8% to 254.40 pence each in London on Tuesday morning.

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