Rightmove Results Presentation Deck
£ millions
10
Costs¹
75
70
65
60
55
50
69.6
2019
5.6
People related
Underlying cost increase of £6.7m
0.9
0.4
Media costs
Software & Licences
(1.0)
General & admin
0.8
D&A
76.3
2021
Costs are excluding IFRS2 charges and related national insurance (£4.9m in 2021) and net Finance costs (£0.5m in 2021)
Source: Rightmove
●
●
Since 2019, operating costs
have increased by £6.7m
£4m of this increase is new
headcount and salary increases
in Product Development
●
The remaining £2.7m is a mix of
Rightmove Landlord & Tenant
Services and increased
Technology spend...
• ...offset by ongoing savings in
G&A as people have continued
to work from home
• Costs weighted in H2 due
to timing of recruitment and
Marketing spend
Adjusted underlying operating
margin at 75%
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