Rightmove First Half 2024 Earnings: EPS: UK£0.12 (vs UK£0.12 in 1H 2023)

Rightmove (LON:RMV) First Half 2024 Results

Key Financial Results

• Revenue: UK£192.1m (up 7.1% from 1H 2023).
• Net income: UK£98.9m (flat on 1H 2023).
• Profit margin: 52% (down from 55% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.12.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rightmove Earnings Insights

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in the United Kingdom.

Performance of the British Interactive Media and Services industry.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Rightmove's balance sheet and an in-depth analysis of the company's financial position.

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