Rightmove streaking ahead of its competitors
The property portal, Rightmove, have released a report this morning outlining their figures for 2016 showing the online portal flying ahead of its competitors.
The report recorded one million residential properties within the UK were advertised on Righmove during 2016, a third more than any other portal.
In a trading statement to the City, Righmove claim they had strong traffic growth in 2016 with approximately 120 million visits each month, an increase of 10%. Their ‘time on site’ measurement indicated a rise of 5% totalling almost one billion minutes per month.
The company also saw its revenue increase by 15% year on year; operating profit rise by 18% and basic earnings per share up by 21%.
In 2016 Forbes ranked Righmove as the world’s most innovative growth company.
Nick McKittrick, chief executive officer for Rightmove, commented on their recent report saying: “Rightmove continues to be the place that home movers turn to first, with nearly 1.5 billion visits in 2016, up 10 per cent on last year. Our continued innovation and audience growth is delivering even greater exposure for our customers’ brands and properties.
“We are adding further value through our data, advertising products and productivity tools and by building closer relationships with customers to support their ambitions. With consumers and customers becoming increasingly digital our clear market leadership coupled with the value of our products and data positions us well for the future.”
Full article available on EstateAgentTODAY: https://www.estateagenttoday.co.uk/breaking-news/2017/2/rightmove-reveals-more-agents-more-visits-and-more-profits-in-past-year