- Offering clients discounts last year pushed back profits
- Share buybacks and dividends have been resumed
Rightmove’s (RMV) operating profit dropped by almost two-fifths in 2020 on the back of a 75 per cent discount offered to its clients from April to July last year. Yet average revenue per advertiser soon bounced-back following the introduction of the stamp duty holiday in July, standing at £1,103 in December, compared to £1,083 at the same point in 2019.