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"At the core of our strategy is a relentless focus on continual improvement and innovation to create the most compelling experience for consumers so that they turn to us first."

Nick McKittrick, CEO

Latest full year results

Full year results announcement for the year ended 31 December 2016

Summary

Highlights

CEO's comments

Rightmove Snapshot  
Primary Country Listing UK
Status Fully Listed
Index FTSE 250, FTSE 350, FTSE All Share
Sector Real Estate
TIDM RMV
Overview from Annual Report 2016 2015
Average Number of Employees (including executive directors) 469 412
Total Employee Cost (£m) 27.42 23.46
Latest Results from Annual Report 2016 2015
Turnover (£m) 220.0 192.1
Pre-tax Profit (£m) 161.65 137.18

EPS (Underlying basic) (p)

142.8 121.4
Dividends declared (p) 51 43

Financial highlights

  • Revenue up 15% year on year to £220.0m (2015: £192.1m) with growth across all business areas
  • Operating profit up 18% to £161.6m (2015: £137.2m)
  • Underlying operating profit(1) up 15% to £166.2 (2015: 144.3%)
  • Basic earnings per share up 21% to 137.9 (2015: 114.0p)
  • Underlying basic earnings per share up(2) 18% to 142.8 (2015: 121.4p)
  • Final dividend of 32p (2015: 27p) per ordinary share making a total dividend of 51p (2015: 43p), up 19%(1)

(1) Before share - based payments and NI on share - based incentives
(2) Before share - based payments, NI on share - based inc entives and no related adjustment for tax

Operational Highlights

  • Record customer numbers with Agency and New Homes customers up +2% to 20,121 (31 December 2015: 19,752)
  • 1 million UK residential properties advertised on Rightmove which is a third(1) more than on any other portal
  • Strong traffic growth
    • Visits up 10% averaging over 120 million visitss per month(2)
    • Time on site up 5% to nearly 1 billion minutes per month(2)
  • 95% of employee respondents think Rightmove is a great
  • Average revenue per advertiser (ARPA)(1) up a record £88 to £842 per month (2015: £754)

(1) Source: AlphaWise, Morgan Stanley Research Jan 2017.
(2) Source: Google Analytics.
(3) For Agency and New Homes customers.

Rightmove, the UK’s number one property portal, has delivered another year of record results. Visits from home movers increased by 10% and they spent nearly a billion minutes on Rightmove every month in 2016. Our number of advertisers grew by 2% to reach an all-time high of over 20,100 and with advertisers spending more on our products, data and services, our revenue increased by 15% to £220.0m with underlying operating profit(1) up 15% to £166.2m and operating profit up 18% to £161.6m.

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