EMBARGOED FOR RELEASE
9 February 2010
Trading Update and Notification of Date of Full Year Results
Ahead of our year end results' announcement, and further to our Interim
Management Statement on 4 November 2009, the Board re-confirms that trading for
the year to 31 December 2009 is expected to be in line with current market
Trading in January 2010 saw a substantial increase in average spend per
advertiser. This came from three sources:
* Customers have chosen to spend more with Rightmove on our existing
advertising products, continuing the strong trend in the latter part of
* We have seen the impact from the first increases to agency listing fees .
* There has been a healthy uptake of new display advertising products first
launched in December 2009.
The Board is confident that 2010 profits will be above current market
expectations, subject to no significant change in market conditions. This is
based on the higher average spend per advertiser achieved in January, evidence
from our customers of our continued value for money, and the predictably of our
We will be announcing our full year results for the twelve months ended
31 December 2009, on Friday 26 February 2010, when management will provide a
further update on trading and outlook for the remainder of 2010.
Ed Williams, Managing Director
Nick McKittrick, Chief Operating Officer and Finance Director
Rightmove plc Press Office 07894255295