Rightmove PLC

RMV

Equity

ISIN GB00BGDT3G23 / Valor 42985140

LSE London Stock Exchange, SETS (2024-11-21)

GBP 6.01+0.64%

Rightmove PLC
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About company

Rightmove PLC operates as the UK's largest online real estate portal and property website, facilitating the advertisement of properties for sale and rent across the United Kingdom. The company serves as a critical platform for estate agents, letting agents, new home developers, and private sellers, offering a wide array of services aimed at making the property search and advertising process more efficient for both parties. Rightmove provides users with comprehensive property listings, including detailed descriptions, photos, and location information, thereby simplifying the process of buying, selling, or renting properties. The company's business model revolves around charging fees to industry professionals for property listings and advertising space, as well as offering additional marketing products and services designed to enhance the visibility and appeal of property advertisements. As a leader in the UK property market, Rightmove leverages its extensive database and user-friendly interface to connect potential buyers and renters with their ideal properties, supporting the broader real estate ecosystem.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Rightmove PLC reported a revenue of £364.3 million for Q4 2023, marking a 10% increase compared to the same period in 2022, which was £332.6 million. This growth was driven by the robust performance across all business units.

Operating Profit

For Q4 2023, Rightmove PLC achieved an operating profit of £258.0 million, reflecting a 7% rise from the £241.3 million recorded in Q4 2022. This increase underscores the company's efficient cost management and strong revenue growth.

Dividends

Rightmove PLC declared a total dividend of 9.3p per share for the year 2023, up from 8.5p in 2022. This includes an interim dividend of 3.6p and a final dividend of 5.7p, demonstrating the company's commitment to returning value to its shareholders.

Basic Earnings Per Share

The basic earnings per share for Rightmove PLC in Q4 2023 was 24.5p, an increase from 23.4p in Q4 2022. This improvement reflects the company's strong financial performance and profitability during the period.

Cash Returns to Shareholders

In Q4 2023, Rightmove PLC returned £201.7 million to shareholders through share buybacks and dividends, compared to £197.7 million in Q4 2022. This consistent return of surplus cash highlights the company's robust cash flow and financial health.

Summarized from source with an LLMView Source

Key figures

20.8%1Y

-20.5%3Y

-2.54%5Y

Performance

36.7%1Y

33.1%3Y

32.7%5Y

Volatility