Zoopla: Agents continue to rise

Property website Zoopla said the numbers of agents on its books continued to rise in recent months as it posted slightly higher-than-expected full-year earnings.
By The Newsroom
Published 2nd Dec 2015, 08:51 BST
Property for sale signs. Photo credit: Rebekah Downes/PA WireProperty for sale signs. Photo credit: Rebekah Downes/PA Wire
Property for sale signs. Photo credit: Rebekah Downes/PA Wire

Zoopla, which also operates the property site PrimeLocation and buying comparison site uSwitch, saw full-year core earnings rise 23 per cent to £48.7m in the 12 months to the end of September.

Alex Chesterman, founder & CEO of Zoopla Property Group, said: “It has been another transformational year for the business and I am very pleased with our performance as we delivered record revenue and Adjusted EBITDA of £107.6m and £48.7m respectively.

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“We have made great progress towards our vision of becoming the consumer champion at the heart of the home with the acquisition of uSwitch, the leading home services comparison platform in the UK.”

It said 16,411 agents were listing properties on its sites at the end of the period, as it attracted back some agents who had signed up to rival OnTheMarket, which only allows listings on one other site.

Many agents using OnTheMarket had opted for market leader Rightmove as their second choice over Zoopla.

Related topics:ZooplaRightmove