Rightmove has reported that its revenues are up 10% year on year, as it publishes its results for 2018.
Growth was driven by its agency and new homes businesses.
Underlying operating profit was also up 10% and operating profit up 11%.
Peter Brooks-Johnson, Rightmove’s chief executive officer, said: “2018 was another strong year for Rightmove. We extended our market leadership and reinforced our position as the place consumers turn to first when thinking about moving home. In doing so, we demonstrated that Rightmove is a business which can continue to grow strongly even in uncertain times.
“We focus relentlessly on creating a more efficient marketplace, constantly innovating to provide deeper insights to our agent and developer customers, and an even simpler, more intuitive user experience for home hunters.
“Visits and time spent on site both continued to grow, with over 1.5 billion visits from consumers over the year. The resilience of our customer base is shown by our stable membership numbers, with particularly notable growth coming from New Homes developments. I’m excited by our plans for 2019 as we continue to focus on innovation to make home moving easier.”
