Rightmove half yearly figures

Rightmove released their half yearly figures this morning to June 30th 2015.

The financial highlights were that revenue was up 16% with growth achieved across all business areas, underlying operating profit was up 18% and that an interim dividend increased by 3p to 16p

The operational highlights were that Agency and New Homes customers were up 286 (+1%) since the start of the year to an all-time record 19,590, 10% increase in UK residential property listings on Rightmove since the start of the year to 1.1m which is 50% more than any other portal.

The website figures confirm strong audience growth, Rightmove’s share of traffic to the top four UK property websites increased to 82% (June 2014: 77%), visits up 17% year on year to a record 110m per month (H1 2014: 94m),  pages up 13% year on year to a record 1.52bn per month (H1 2014: 1.35bn), 14% increase in the number of leads generated for customers, to an average of 4.2m per month (H1 2014: 3.7m), average revenue per advertiser (ARPA)(5) up 10% to £740 per month on the same period a year ago
(H1 2014: £671)

Nick McKittrick, Chief Executive Officer, said: Rightmove is becoming even more popular with the British home moving public. Our share of traffic amongst the top four property websites has increased significantly as more people search and research the only place with over one million properties for sale and to rent in the UK.

 We continue to innovate and invest to make Rightmove even more compelling to home movers and advertisers with tools such as our Valuation range app and recently launched School Checker.

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

 

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.

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