The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc reported its audited results for the year ending December 31, 2024, highlighting a 7% increase in revenue driven by strategic growth in commercial property, mortgages, and rental services. The company emphasized its investment in technology and AI, with over 5,000 releases in 2024, and maintained a strong market position with high consumer engagement and partner retention. Despite a slight decline in operating profit due to one-off charges, Rightmove demonstrated resilience and confidence in future growth, projecting an 8-10% revenue increase in 2025.
More about Rightmove
Rightmove plc is the UK’s largest property portal, specializing in providing a comprehensive digital platform for property listings. The company focuses on connecting consumers with estate agents and new home developers, offering services in commercial property, mortgages, and rental services.
YTD Price Performance: 2.31%
Average Trading Volume: 2,201,340
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.12B
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