Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

514.60p
   
  • Change Today:
      9.80p
  • 52 Week High: 594.80p
  • 52 Week Low: 462.90p
  • Currency: UK Pounds
  • Shares Issued: 794.95m
  • Volume: 1,607,228
  • Market Cap: £4,090.82m
  • RiskGrade: 130

Rightmove FY profits grow, customer numbers to ease

By Iain Gilbert

Date: Friday 01 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Real estate property portal operator Rightmove said on Friday that profits had risen in 2023 and guided for further revenue growth in 2024 despite warning that customer numbers were likely to ease this year.
Rightmove posted a 7% rise in operating profits to £258.0m, ahead of analysts' estimates for a reading of £258.30m, while revenues improved 10% to £364.30m. Average revenue per advertiser, a key measure for the company, grew 9% to £1,431 per month.

Looking forward, Rightmove now expects ARPA growth of £100.00-110.00 in 2024, partly due to its new Optimiser Edge package and contract renewals, and forecast 7-9% in revenue growth for the year.

However, given the current uncertain macro environment, Rightmove cautioned that customer numbers would likely ease in 2024.

As of 0930 GMT, Rightmove shares had slumped 5.05% to 538.0p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rightmove Market Data

Currency UK Pounds
Share Price 514.60p
Change Today 9.80p
% Change 1.94 %
52 Week High 594.80p
52 Week Low 462.90p
Volume 1,607,228
Shares Issued 794.95m
Market Cap £4,090.82m
RiskGrade 130

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.42% below the market average98.42% below the market average98.42% below the market average98.42% below the market average98.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
12.06% below the market average12.06% below the market average12.06% below the market average12.06% below the market average12.06% below the market average
11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average
Income
80.98% below the market average80.98% below the market average80.98% below the market average80.98% below the market average80.98% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Growth
0.71% below the market average0.71% below the market average0.71% below the market average0.71% below the market average0.71% below the market average
48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 1
Sell 5
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 28-Sep-23
Paid 24-May-24 27-Oct-23
Amount 5.70p 3.60p

Trades for 26-Apr-2024

Time Volume / Share Price
16:35 690,030 @ 514.60p
16:35 348 @ 514.60p
16:35 9,090 @ 514.60p
16:35 58 @ 514.60p
16:35 400 @ 514.60p

Rightmove Key Personnel

CFO Alison Dolan
CEO Johan Svanström

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