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

How to help out hoarders
Breaking News

Repossessed homes suffer 30% hit in value

The latest research from House Buyer Bureau reveals that there are almost 1,500 repossessed homes listed for sale on England’s housing market, with the largest numbers located in the South East and North West. House Buyer Bureau analysed England’s housing market to identify how many repossessed properties are currently for sale, where they are located,…
Read More →
Estate Agent Talk

Property renovations bringing housing prices down rather than up

Five renovations that might bring your house price down instead of up, according to a property finance expert Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not…
Read More →
Letting Agent Talk

Scotland beats London for Britain’s rental market divide

London may be home to the highest rents in the land, with tenants in Kensington and Chelsea paying an average of £3,629 per month, but the latest research from London lettings and estate agent, Benham and Reeves, has revealed that Scotland is actually home to the greatest proportional divide between its most and least expensive…
Read More →
Estate Agent Talk

Here’s how to spot a motivated seller & negotiate a better deal

With the number of homes on the market at a 12-year high, buyers could have more room to negotiate this autumn. Property experts at Landlord Resource have shared their tips for spotting a motivated seller and negotiating a better deal on your next home. Saif Derzi, co-founder of Landlord Resource, has shared 5 ways to…
Read More →
Rightmove logo
Breaking News

Price increase hints at usual Autumn bounce

Average newly-listed asking prices rise by 0.7% (+£2,441) this month to £367,440, the first monthly price increase since May: September’s above-average price increase for the time of year is a possible early sign of the usual Autumn bounce in activity, though there is considerable ground to make up after a somewhat subdued and distracted summer…
Read More →
bank of england interest rate
Breaking News

Bank of England’s rate hold

The Bank of England has held interest rates at 3.75% for the sixth consecutive time. Matt Smith, Rightmove’s mortgage expert, says: “The Bank of England’s decision to hold the base rate will come as welcome news to mortgage borrowers, particularly those on tracker mortgages whose monthly repayments move in line with changes to the base…
Read More →