Rightmove has announced that it will be announcing a trading update at 7am on Friday 10th May 2024.

Rightmove recently reported earnings results for the full year ended December 31, 2023.

For the full year, the company reported sales was £364.32m compared to £332.62m a year ago. Net income was £199.15m compared to GBP 195.68m a year earlier.

Basic earnings per share from continuing operations was GBP 0.245 compared to GBP 0.234 a year ago. Diluted earnings per share from continuing operations was GBP 0.244 compared to GBP 0.234 a year ago.

Financial highlights: 

+ Revenue up £31.7m/10% on 2022 to £364.3m, as customers continued to upgrade their packages and
increase their use of digital products

+ Operating profit of £258.0m; up 7% on 2022 (2022: £241.3m); Underlying Operating Profit(1) of £264.6m; up 8% on 2022 (2022: £245.4m)+ Basic earnings per share up 5% to of 24.5p (2022: 23.4p) and underlying basic earnings per share(2) up 6% to 25.2p (2022: 23.8p)

Final dividend for 2023 up 10% to 5.7p (2022: 5.2p) per ordinary share. Total dividend for 2023 up 9% to
9.3p (2022: 8.5p)

+ £201.7m of cash returned to shareholders through share buybacks and dividends during 2023 (2022:
£197.7m)

+ Cash and cash equivalents, including money market deposits, at the end of the period was £38.9m (31
December 2022: £40.1m)

Operational highlights:

+ Average revenue per advertiser (ARPA)(3) up 9% to £1,431 per month (2022: £1,314)

+ Total membership reduced 1% at 18,785 (2022: 19,014), with Agency branches down 93/1% and New
Homes Developments down 136/4% since the start of the year

+ Resilient traffic, with a total of 15.4 billion(4) minutes spent on the platform in the year (2022: 16.3 billion).
Time on platform 27% higher than 2019 (2019: 12.1 billion)

+ Continued uptake of our top packages – Optimiser Edge and 2020 for agents, with 35% of independent
agents now subscribing, up from 34% in December 2022, and Advanced for developers, with 53% of
developers subscribing (December 2022: 42%)

+ Ongoing strategic innovation to increase the digitisation of sales and rental transactions, with the
introduction of agent mortgage broker solutions for consumers and the full Lead to Keys digital journey
for renters and rental agents

+ Rebasing of our emissions targets and continued progress towards achieving them; alongside the launch
of our Go Greener initiatives to help facilitate the property industry’s green transition, using our vast and
unique property market dataset.