Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc reported its audited results for 2024, highlighting a 7% increase in revenue driven by strong consumer engagement and strategic growth in areas like commercial property, mortgages, and rental services. Despite a slight decrease in operating profit due to one-off charges, the company maintained a robust operating margin and increased its dividend. Rightmove’s continued investment in technology and AI, along with its strategic focus on expanding its digital ecosystem, positions it well for future growth, with expectations of further revenue and membership increases in 2025.
More about Rightmove
Rightmove plc is the UK’s largest property portal, primarily focused on providing a platform for property listings and related services. The company operates in the real estate industry, offering a wide range of digital products and services for estate agents, developers, and consumers, with a significant emphasis on technology innovation and data insights.
YTD Price Performance: 2.31%
Average Trading Volume: 2,201,340
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.12B
Learn more about RMV stock on TipRanks’ Stock Analysis page.