6th Nov 2014 08:40
LONDON (Alliance News) - Property website Rightmove PLC on Thursday said trading has been in line with expectations in the second half of the year so far, with membership numbers rising and average revenue per advertiser also advancing.
The FTSE 250-listed company said membership has increased 2% in the period from the end of June to the end of October, with membership up a total of 5% in the year to date. The group now has 19,320 agents and new homes developments.
Average revenue per advertiser has also increased, Rightmove said, adding that page impressions increased by 7% year-on-year during the period.
It said that with the continued growth in advertiser revenue and customer numbers, it expects to meet its full-year targets.
"Rightmove's popularity with the British home moving public is going from strength to strength. We have more home movers visiting more often and spending more time than ever before, searching for and researching property from nearly every agent in the UK," said Rightmove Chief Executive Officer Nick McKittrick.
Shares in Rightmove were down 0.9% in early trade on Thursday, falling to 2,187.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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