Rightmove : H1 2024 results in line, full-year guidance confirmed
>Underperform recommendation reiterated - Rightmove reported this morning its half year 2024 earnings in line with expectations. AdjustedEBIT stood at £ 135 m vs our forecast of £ 137m. This is reflected in an operating margin of 70%. ARPA (average revenue per advertiser) rebounded at £ 1,497m, an increase of 6% vs H1 2023 and slightly higher than we expected, driven mainly by increased product and package purchases and partner contract renewals.The gro...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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