x
By using this website, you agree to our use of cookies to enhance your experience.

Zoopla has announced its full year results and KPIs for the year ended 30 September 2014.

It announced a 35% rise in full-year earnings and 24% rise in revenue. It said traffic to its Zoopla and PrimeLocation websites had increased by a third to 513.5 million visits in the year to the end of September.

The results also reported an increased take up of members buying additional premium products and a continued focus on mobile which now accounts for 57% of the Group's traffic.

Following Zoopla's IPO in June this year a final dividend of 1.1p per share was proposed.

Alex Chesterman, founder & CEO of Zoopla Property Group, said: I am pleased to present such a strong set of full year results following our successful IPO in June. 2014 has been a landmark year for Zoopla Property Group with record audience levels and strong revenue growth across all areas of the business as consumers continue to recognise the importance of the Group's services for searching and researching the property market at work, at home and on the move.

We continue to deliver enhanced transparency and efficiency to the market and to develop a world-class consumer proposition designed to aid our users with their property search, increase engagement and drive value for our members. We enjoyed record levels of traffic to our websites and mobile applications with 42.8m average monthly visitors generating over 29 million leads during the year providing an excellent value proposition for our members and resulting in increased take-up of our additional premium products.

We remain committed to our mission of building our brands and business to provide the most useful property resources to consumers along with being the most effective partner for property professionals across the UK.

Chesterton downplayed the launch of Agents' Mutual in January, saying it may have some short-term impact on our agency membership numbers but we have seen numerous launches into our market before and taken effective action to compete with them.

The next Zoopla trading update is scheduled for Thursday 12 February 2015.

Comments

  • icon

    i think we can all appreciate the need for Zoopla to bang the drum as loud as possible over the next few months. With 4500 agent offices out of a possible 12,000 (10,000 excluding corporates) committed to Onthemarket come Janaury 26th they are about to see a huge black hole in their forecasts.

    • 27 November 2014 08:44 AM
  • icon

    Aaron thinks we should all buy shares in Zoopla.

    I'm crying with laughter!

    • 26 November 2014 22:34 PM
  • icon

    Shares go up and down all the time. I wouldn't look to much into this. Markets do not like the unknown, and there are lots of ups/downs/unknowns at the moment, so bound to effect share prices. If anything, I suggest it is a good time to buy them, as they are cheap and will likely go up again during next year.

    • 26 November 2014 13:21 PM
  • icon

    Sounds like a bit of pre 'On The Market' propaganda from Mr Chesterton. You can smell the fear.

    • 26 November 2014 12:24 PM
  • icon

    @ Pauline. It is, but not on this site apparently!

    • 26 November 2014 12:22 PM
  • icon

    Glad I didnt buy shares. My stockbroker friend says thry could fall another 10-20% come March next year. He said too many vheap agents in zoopla driving commission agents away and likely to get far worse as new entrants open.

    • 26 November 2014 11:01 AM
  • icon

    The Zoopla share price finishing 6% down on the day is quite big news no!

    • 26 November 2014 07:57 AM
MovePal MovePal MovePal