Rightmove PLC FY EPS 24.4p [MarketWatch]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
Company Research
Source: MarketWatch
The U.K property website made a pretax profit of 259.8 million pounds ($328.0 million) in 2023, compared with GBP241.3 million a year earlier. Advertisement Revenue for the period rose to GBP364.3 million from GBP332.6 million, it said. It attributed this to its strong business model, increased demand for its products and packages, annual price increases and growth in its noncore business units. It said average revenue per advertiser rose to GBP1,431 a month from GBP1,314 a month in 2022. Traffic to the company's website exceeded 2.2 billion visits and 15.4 billion minutes on the platform in 2023, compared with more than 2.3 billion visits and 16.3 billion minutes over the course of 2022. The company said in 2024 it expects average revenue per advertiser to grow by GBP100-GBP110, with overall revenue growth of 7%-9%. However, customer numbers are likely to drop slightly, given ongoing macroeconomic uncertainty, it said. "The strength of our business model, coupled with ongo
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