Rightmove (LON:RMV) Full Year 2023 Results
Key Financial Results
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Revenue: UK£364.3m (up 9.5% from FY 2022).
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Net income: UK£199.2m (up 1.8% from FY 2022).
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Profit margin: 55% (down from 59% in FY 2022). The decrease in margin was driven by higher expenses.
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EPS: UK£0.24 (up from UK£0.23 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rightmove Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.9% 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 share price is broadly unchanged 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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