Price comparison websites see their profits quadruple in just ten years
The Big Five, including firms such as CompareTheMarket, GoCompare and MoneySuperMarket made staggering £161million in a year
COMPANIES behind price comparison sites have seen profits quadruple in ten years.
The Big Five made £161million in a year.
That is up from the £38million total a decade ago for CompareTheMarket, GoCompare, MoneySuperMarket, uSwitch and Confused.com.
Our research shows they are enjoying soaring profits just like the Big Six energy firms.
The last full year that profits are available for all the sites is 2014. Many run multiple successful businesses that contribute to their bottom line — but their post-tax profits include price comparison commissions.
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MoneySupermarket.com raked in the most, reporting £61.6million in post-tax profits in 2014.
BGL Group, who own meerkat firm Compare the Market, were next with £59.3million. Will Hodson of consumer group The Big Deal said: “The numbers underline comparison sites are not cuddly consumer champs. They are profit-hungry businesses.”
