Rightmove has announced that it will issue its half year results for the six months ended 30 June 2022, on Friday 29th July 2022.

A presentation for analysts will be available on the same day online from 7am, here.

The last financial update provided by Rightmove, in February, saw the firm post strong underlying operating profits.

The company reported that operating profit for the year ended 31 December 2021 was £226.1m, up from £135.1m a year earlier, thanks in part to a boost in monthly Average Revenue Per Advertiser (ARPR), which was up 9% on 2019 to £1,189 per agent.#

Rightmove said revenue was up £15.6m, or 5%, on 2019, reflecting the growth in both customer spending and ARPA, partially offset by a decline in new homes revenues. Relative to 2020, revenues grew by 48%, as similarly strong product usage and package upgrades combined with an absence of 2020’s Covid customer discounts to drive strong revenue growth. 

The operating profit of £226.1m, up 6% on £213m in 2019, and up 67% on on the level in 2020. 

Underlying operating profit of £231m was recorded, up 5% on £219.7m in 2019 and 68% on the £137.5m achieved in 2020.