Rightmove’s first investor day considered a success

26 April 2018 By John Michonski 0 Comments NEWS, Regional News

Rightmove recently had their first investor day, after which analysts were told the company's middle-term prospects were given a healthy assessment for the future.

Since December, Rightmove's market growth has been boosted, with a 5% growth in traffic year on year.

Rightmove has also been assigned a higher rate of interaction with their productivity tools, rapidly improving in attach rate with the programs.

Developers are worried that Rightmove isn't making enough money off these developments, however, as less than 2% of gross developer fees are spent on marketing with Rightmove, which is described as an “underweight spend”.

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