Transformational year for Zoopla

Transformational year for Zoopla with record revenue and profits.

Zoopla Property Group Plc, the digital media and lead generation platform that owns and operates some of the UK’s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announces its full year results for the year ended 30 September 2015.

Business highlights.

Revenue increase of 34% to £107.6m

Adjusted EBITDA up 23% to £48.7m

Solid ARPA growth in the Property Services division and continuous UK Agency membership growth since May

Over 25 million leads generated for the Group’s Property partners, including over 300,000 appraisal leads

Strong performance in all verticals within the Comparison Services division since the acquisition of uSwitch

Over 9 million leads generated for the Group’s Comparison partners during the last 4 months of the Period

Proposed final dividend of 2.5 pence per share, bringing the total dividend to 3.5 pence per share

 Commenting on today’s announcement Alex Chesterman, Founder & CEO of Zoopla Property Group Plc said, “It has been another transformational year for the business and I am very pleased with our performance as we delivered record revenue and Adjusted EBITDA of £107.6m and £48.7m respectively. We have made great progress towards our vision of becoming the consumer champion at the heart of the home with the acquisition of uSwitch, the leading home services comparison platform in the UK.

 “Our Property Services division achieved solid ARPA growth across every vertical – UK Agency, New Homes, Overseas and Commercial – demonstrating the Group’s exceptional value proposition as one of the most cost-effective digital marketing channels for property professionals. Traffic to our property platform remained strong with high levels of user engagement and we recently passed the significant milestone of over seven million downloads of our property apps.

 “The Comparison Services division outperformed expectations in the four months since the acquisition of uSwitch, with both the Energy and Communications verticals benefitting from our market-leading position and increasingly competitive consumer deals. We continue to innovate across both divisions of the business in line with our mission of providing the most useful resources for consumers when finding, moving or managing their home and being the most effective marketing channel for related business partners.”

Please verify all figures stated above, link to Zoopla website:

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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