Rightmove : ARPA guidance raised for 2023 but margin confirmed
>ARPA guidance raised but 73% operating margin confirmed - Rightmove released this morning a trading update in light of its CMD today at 2.30 p.m. CET. The group states that revenue growth has exceeded consensus expectations so far. The increase is driven by higher-than-expected ARPA (average revenue per advertiser), mainly driven by new homes. Estate agent subscriptions and new homes development listings are stable.The group is therefore rating it’s guidance for...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.
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