Rightmove PLC

Rightmove Plc is engaged in the operation of property search platform. It operates through the following segments: Agency, New Homes, and Others. The Agency segment consists of resale and lettings property advertising services. The New Homes segment is focused on providing the property advertising services to new home developers and housing associations. The Others segment is involved in the overseas and commercial property advertising services and non-property advertising services. The company was founded by Reginald Stephen Shipperley on May 16, 2000 and is headquartered in London, the United Kingdom.

Rightmove shares open 4% lower after company says CEO will step down

Rightmove PLC (LSE:RMV) said chief executive Peter Brooks-Johnson will be stepping down from the board after 16 years with the company. Brooks-Johnson will continue as chief executive until the release of the online real estate company's full-year results in February 2023.

Rightmove's chief executive to step down next year

Property listings website Rightmove PLC (LSE:RMV) said the average asking price for houses saw its biggest month-on-month rise for March since 2004. Asking prices recorded between mid-February and mid-March were 10.4% higher than in the same period of 2021 and 1.7% higher than the previous month.

Rightmove reveals house price inflation continues to rage

Rightmove Dominates the UK Housing Market

Rightmove plc's (RTMVF) CEO Peter Brooks-Johnson on Full Year Results 2021 - Earnings Call Transcript

Rightmove shares have corrected 10% since September, providing an attractive entry point for one of the best listed businesses. Rightmove's financials have recovered from the negative impact of COVID-19, and it remains the dominant U.K. property portal.

Rightmove: Dominant U.K. Property Portal Upgraded To Buy With 10% Annualized Return

Rightmove plc (RTMVF) CEO Peter Brooks-Johnson on Q2 2021 Results - Earnings Call Transcript

Rightmove PLC said trading in the second half is set to continue the healthy patterns seen in the first six months of the year. The online platform saw a 63% increase in average revenue per advertiser (ARPA) to £1.1bn, its highest ever.

Rightmove says strong trading to continue but new homes market lags

Rightmove PLC(LON:RMV) says June was almost certainly a record for house sales as buyers rushed to beat the end of the stamp duty holiday window. The online portal added that prices rose by 0.7% between 13 June to 10 July, with asking prices 6.7% higher over the past six months.

Rightmove predicts house sale record as buyers rush to utilise stamp duty holiday

Rightmove Plc (RTMVF) CEO Peter Brooks-Johnson on Q4 2020 Results - Earnings Call Transcript

Rightmove PLC (LON:RMV) resumed dividend payments and its share buyback programme as its average revenue per advertiser continues to recover. The property listings website operator announced the payment of a 4.5p final dividend in respect of 2020 and said the share buyback programme, which was suspended during the coronavirus (COVID-19) pandemic, will resume in March of this year.

Rightmove resumes dividend payments as it eyes 2021 recovery

Rightmove plc (LON: RMV) said on Friday that its full-year pre-tax profit posted a decline on a year over year basis due to the discounts it offered to its clients amidst the ongoing COVID-19 crisis. But the number of visitors, it added, jumped to a record high.

Rightmove's revenue slides 29% in 2020 despite a record number of visitors

Rightmove PLC (LON:RMV) has resumed dividend payments and its share buyback programme as its average revenue per advertiser continues to recover. The property listings website operator announced the payment of a 4.5p final dividend in respect of 2020 and said the share buyback programme, which was suspended during the coronavirus (COVID-19) pandemic, will resume in March of this year.

Rightmove resumes dividend payments after best-ever January for traffic

Rightmove PLC (RTMVF) CEO Peter Brooks-Johnson on Half Year 2020 Results - Earnings Call Transcript

Rightmove plc (LON: RMV) said on Friday that its pre-tax profit in the first half (H1) of the current fiscal year came in 43% lower. It attributed the decline to the Coronavirus pandemic that pushed the UK housing market into a temporary shut down in recent months.

Rightmove’s H1 revenue declines by 34% on a year over year basis

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As the Coronavirus pandemic continues to wreak havoc on the UK’s housing market, Rightmove Plc (LON: RMV) announced to have extended discounts aimed at supporting agents cope up with the novel financial challenges posed by the health crisis. Consequently, the UK’s largest property website said on Tuesday that its revenue will be further slashed by £17 million £20 million.

Rightmove warns of another £17 million to £20 million hit to its revenue due to COVID-19

Rightmove: 14% Annualised Return Even If No Recovery Until 2022

Rightmove PLC (RTMVF) CEO Peter Brooks-Johnson on Q4 2019 Results - Earnings Call Transcript

Rightmove PLC (RTMVF) CEO Peter Brooks-Johnson on Q2 2019 Results - Earnings Call Transcript

The shares of Rightmove beat the market for the past year.

News for Rightmove PLC Stock (RTMVY)