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Rightmove profits up 17%

Rightmove has announced a pre-tax profit of £30m for the year to December 31 2009, compared to a pre-tax profit of £25.5m in 2008.

The property website has posted an underlying operating profit of £41.9m, up 2% from the £41m profit of 2008.

Rightmove grew its number of advertisers from 16,741 to 17,664, earning an average revenue per advertiser of £308 a month.

The company says that the increase in profits was driven last year by the impact of cost-cutting exercises carried out in 2008, and an increase in average online spending.

Ed Williams, managing director of Rightmove, says: “The last 18 months have demonstrated the importance of Rightmove in leading a structural shift from traditional media to online property advertising.

“As early as April 2009 our revenues started to rise in contrast to traditional property advertising media which continues to decline.”


Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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