Rightmove : Full year operating margin guidance confirmed and product-led increase in ARPA guidance
>Full year operating margin guidance confirmed - Rightmove released a trading update this morning. The group stated that revenue growth and the margin should be in line with previous expectations. The group reiterated its annual guidance for revenue of around £ 390m, i.e. growth of +7% to +9% (lower end of the guidance range), and an adjusted underlying operating margin of 70% (before one-off costs of approximately £ 10m). In terms of ARPA, the group raised its ...Rightmove operates as an online property portal. Co. provides consumers with a place to search and research U.K. property and by providing its customers a place to reach home hunters. Co.'s segments are: The Agency, which provides resale and lettings property advertising services on Co.'s platforms; and The New Homes, which provides property advertising services to new home developers and housing associations on Co.'s platforms. Co.'s customers are primarily estate agents, lettings agents and new homes developers advertising properties for sale and to rent. Co. also provides software, delivering data, market insight and tools that provides insight, analysis and risk assessment tools.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.