Rightmove – New Homes Selling Too Fast
Rightmove Plc (LON:RMV)’s half year revenue rose 58% compared to last year, reaching £149.9m. That reflects increased customer spending and average revenue per advertiser (ARPA). Compared to pre-pandemic times, revenue’s up 4%. Underlying operating profit was up 91% to £117.1m. Q2 2021 hedge fund letters, conferences and more For the second half, Rightmove expects further ARPA growth, ongoing uptake of more lucrative products and for the number of agencies that use its platform to remain “broadly stable.”. However, the group said growth from estate agent customers is being slightly offset by n...