Interim report
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Embargoed until 7:00 on 30 July 2021 HALF YEAR ANNOUNCEMENT FOR RIGHTMOVE PLC - SIX MONTHS ENDED 30 JUNE 2021 Rightmove plc , the UK's largest property portal , today announces its unaudited results for the six months ended 30 June 2021 . Financial Highlights ● Revenue Operating profit Underlying operating profit ( ¹ ) Interim dividend Basic earnings per share Underlying earnings per share ( 2 ) H1 2021 £ 149.9m £ 114.9m £ 117.1m 3.0p 10.8p 11.0p H1 2020 £ 94.8m £ 61.7m £ 61.4m 5.7p 5.7p H1 2019 £ 143.9m £ 108.2m £ 111.0m 2.8p 9.9p 10.2p Change vs 2020 Change vs 2019 + 58 % + 4 % + 86 % + 6 % + 91 % + 5 % + 7 % + 9 % + 8 % + 89 % + 93 % Revenue up 58 % on 2020 , reflecting the growth in customer spending and ARPA over the first six months of 2021 . Revenue is up £ 6m / 4 % on 2019 , due to growth in Agency and Other revenues , partially offset by a decline in New Homes revenues Operating profit of £ 114.9m , up 86 % on 2020 ( 2020 : £ 61.7m ) and 6 % on 2019 ( £ 108.2m ) Underlying operating profit of £ 117.1m , up 91 % on 2020 ( 2020 : £ 61.4m ) and 5 % on 2019 ( £ 111.0m ) Basic earnings per share up 89 % to 10.8p ( 2020 : 5.7p ) , underlying earnings per share 11.0p ( 2020 : 5.7p ) . Compared to 2019 , basic earnings per share up 9 % from 9.9p , underlying earnings per share up 8 % from 10.2p Interim dividend for 2021 of 3.0p ( 2020 : nil ; 2019 : 2.8p ) per ordinary share £ 128.3m of cash returned to shareholders through share buybacks and dividends in the first half of 2021 ( 2020 : £ 30.1m ; 2019 : £ 54.0m ) Cash at the end of the period of £ 67.7m ( 31 December 2020 : £ 96.7m ) Operational highlights Average Revenue Per Advertiser ( ARPA ) ( ³ ) up 63 % to £ 1,163 per month , our highest ever ARPA ( 2020 : £ 712 ; 2019 : £ 1,077 ) Relative to June 2019 , Agency ARPA is up by £ 107 ( 11 % ) , driven primarily by product purchases Strong uptake of our premium Optimiser 2020 package , with 16 % of agents now subscribing to the package , up from 9 % in December 2020 This strong growth in Agency ARPA has been slightly offset by the New Homes market , where high demand has reduced one - off marketing by developers Membership numbers are broadly flat since the start of the year at 19,116 ; with 16,052 ( +130 ) Agency branches and 3,064 ( -211 ) New Homes developments ( 31 December 2020 : 15,922 and 3,275 ; 31 December 2019 : 16,347 and 3,462 ) Rightmove's position as the place home - hunters turn to first was further strengthened , with market share of time on portals at 90 % ( 4 ) Time on site averaged 1.7 billion ( 5 ) minutes per month over the period ( 2020 : 1.1 billion ; 2019 1.1 billion ) , reflecting Rightmove's trusted brand and the strong property market . Site visits of 1.4 billion ( 5 ) ( 2020 : 890 million ; 2019 : 845 million ) , up 56 % year on year Continuous innovation for customers with the launch of our Advanced Listings product for New Homes developers , which has already been taken - up by over 21 % of New Homes properties on site Our new Online Conditional Auction advertising product , which demystifies the conditional auction process for home hunters , is now live . In response to the initiative , four additional auction providers will be integrated in Q3