Rightmove (GB:RMV) has released an update.
Rightmove Plc reported a robust financial performance in the first half of 2024 with a 7% increase in revenue to £192.1 million and a 2% rise in operating profit to £131.6 million, backed by strong demand from agents and new homes developers. The company maintained a solid market share over 80% and saw growth in membership numbers and average revenue per advertiser. Despite a challenging mortgage environment, Rightmove is confident in its ongoing product innovation and strategic growth, keeping its full-year 2024 guidance unchanged with a focus on disciplined cost management and shareholder returns through dividends and share buybacks.
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