Record profits for Rightmove as social media approach pays off
03 Mar 2011
U.K. property market-leader Rightmove has delighted shareholders with the news of a revenue increase of 26 per cent to £81.6m in the year to end-December 2010 (up from £64.5m in 2009).
Operating profit is up by 39 per cent which seems down to an increase in spend by each advertiser rather than any growth in member numbers. Ad spend went up by £71 a month to £379 last year per member prompting Ed