Rightmove plc ( (RTMVY) ) has released its Q4 earnings. Here is a breakdown of the information Rightmove plc presented to its investors.
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Rightmove plc, the UK’s leading property portal, offers a comprehensive platform for property listings and related services, leveraging technology and data to enhance user experience and partner engagement. In its latest earnings report for 2024, Rightmove demonstrated resilience and growth, with revenue increasing by 7% to £389.9 million, driven by strong consumer engagement and strategic investments in technology and innovation. Key financial highlights include a 4% rise in underlying operating profit and a 7% increase in the final dividend, reflecting the company’s robust performance and commitment to shareholder returns. The company also reported significant advancements in its strategic growth areas, including commercial property, mortgages, and rental services, contributing to a 27% year-on-year growth in these sectors. Looking ahead, Rightmove remains confident in its ability to deliver continued growth and innovation, with expectations of 8-10% revenue growth in 2025, supported by its strong platform and strategic initiatives.