Rightmove has released its end of year results and is celebrating record profits of £304 million, a 48% rise compared to 2020.
The property and real-estate company enjoyed a share price increase of 3% to 634.4p in early morning trade on Friday, joining the FTSE 100 rally after the shock of the Ukraine invasion caused it to rapidly drop on Thursday.
Rightmove also announced an operating profit of £226.1 million, representing an increase of 67% on 2020 operating profits of £135.1 million.
The firm recorded basic earnings per share of 21.3p, which marked an increase of 69% from 12.6p against 2020 results.
Rightmove added that its underlying earnings per share came to 21.8p, equating to an underlying earnings per share increase of 70% against 12.8p in 2020.
The final dividend was reported as 4.8p per ordinary share, taking the total dividend for 2021 to 7.8p against a 2020 dividend of 4.5p.
“Our position at the heart of Britain’s home-moving journeys strengthened even further in 2021, with people spending an incredible 18 billion minutes searching and researching for their new home,” said Peter Brooks-Johnson, CEO at Rightmove.
“I’m proud of our role in helping more people than ever before find a home that meets their needs and helping our customers help sellers and landlords achieve the best price by having their properties marketed to by far the biggest home-moving audience in the UK.”
“Our ambition to make home moving easier in the UK is undiminished and drives our everyday business and longer-term strategy, and I’m excited about our plans to use our industry leading platform to digitise more of the home-moving journey.”