Revenue up, Profits up and Advertisers at all time high reports Rightmove

July 28, 2017
Rightmove logo

Rightmove today releases half year results for the six months ended 30 June 2017.

Rightmove, the UK’s number one property site, has delivered another strong period of growth in the six months ended 30 June 2017.  Revenue increased by 11% to £119.5m with underlying operating profit up 11% to £91.0m and operating profit up 9% to £87.6m.

Record customer numbers with Agency and New Homes customers up 237 (+1%) since the start of 2017 to 20,358.

Peter Brooks-Johnson, Chief Executive Officer, said:

“Home hunters visited Rightmove a record 3,000 times a minute in the first half of 2017, turning to us first to search and research on the only place you can see almost the entire UK residential property market.

“Our continued development to deliver the richest experience and fastest way for home hunters to ‘find their happy’ from 1.1 million residential properties has been recognised by Forbes Magazine naming Rightmove “the world’s most innovative growth company” for the second year in a row. This recognition is thanks to innovation such as our latest search feature, ‘Where can I live?’, which finds homes in areas which are affordable and convenient, offering home hunters help when their inspiration has run dry.

“Our aim has always been to help our agents and developers succeed by delivering great value marketing andbuilding strong relationships to support their ambitions. This approach continues to serve us well as we havegrown our customer base to an all-time high demonstrating that Rightmove is the site of choice, not only for Britain’s home movers, but also its property professionals.

“With consumers and customers becoming increasingly digital our clear market leadership coupled with thevalue of our products and data positions us well for the future.”

Read the Rightmove half year results report in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

The UK towns boasting +80% house price growth amid nationwide drop

For the first time since 2023, UK house prices have dropped. However, many areas are bucking the recent news, with strong growth overall in the last 5 and 10 years. The cash house buyers and property experts at Sell House Fast have compiled ‘The Property Prosperity Index’, revealing the best places to buy and sell property…
Read More →
Estate Agent Talk

London remains destination of choice for international property wealth

The latest research from London lettings and estate agent, Benham and Reeves, has revealed that London accounts for 43% of all property titles owned by overseas companies across England and Wales, highlighting the capital’s enduring appeal as an international property investment destination. Benham and Reeves analysed the latest Land Registry Overseas Companies Ownership Data to…
Read More →
to let sign 2025
Breaking News

First drop in rental supply in three years pushes rents higher

Rental growth set to accelerate to 4–5 per cent by the end of 2026 as higher mortgage rates keep would-be buyers renting for longer, reducing rental supply UK rents are 2.6 per cent higher in the 12 months to July 2026, up from 1.6 per cent in February and are on track to reach 4-5…
Read More →
Breaking News

Breaking Property News 13/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sourced Living Chooses Genifea AI to support its branch network and its clients Sourced Living, the lettings and estate agency network of Sourced Property Group, has chosen Genifea to handle customer enquiries across its branches — in what is also the London-based platform’s first…
Read More →
Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →