Moneysupermarket.com H1 Revenue Falls 32% on Search Shift

Moneysupermarket.com Group saw its first-half 2026 revenue fall 32% compared with the same period a year earlier, a decline the company attributed to the ongoing transition in its Search segment.

On a net basis, revenue declined 16% year-over-year, and adjusted EBITDA fell 21%. The company recorded a net loss of $6 million, equal to a basic loss of $0.02 per share. EBIT reached $3 million, which the company noted represented its first operating profit for a first-half period since H1 2024.

The Search segment experienced sharp drops in both revenue and profitability as it moved away from its previous AdSense for Domains operating model to an RSOC model. The segment returned to profitability in June.

The DIS segment showed improvements as net revenue grew and margins expanded. The company said it reduced low-value-added customer relationships and concentrated on higher-margin business.

The Comparison segment generated growth in both revenue and margin, supported by newly introduced conversion funnels and international expansion efforts.

For the second half of 2026, Moneysupermarket.com expects stronger performance and foresees a return to year-over-year earnings growth in H2. The board projects that the Search segment will be profitable during the second half of the year.

Net debt is anticipated to decrease substantially in H2 and, by year-end, should align with consensus estimates.

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