Zoopla IPO: Property Website Reports Results

By: Anton Aleksandrov
Anton Aleksandrov
Anton is a freshly graduated economist from the States with passion for the world of finance. He is one… read more.
on May 6, 2014

Property website Zoopla reports results. Six-month profits rose 24% to £18.7m.

Average monthly visits are up to 39.9mln up by 37% YoY.
Commenting on today’s announcement Alex Chesterman, Founder & CEO of Zoopla Property Group said, “We are delighted with the strong growth in our audience and engagement levels over the first half of this year as more and more consumers rely on our websites and mobile apps to both search for properties and research the property market. We remain focused on building a sustainable and profitable business and continuing to deliver on our mission of providing the most useful property resources for consumers and being the most effective partner for property professionals across the UK.”

“We are pleased that we have continued to deliver even greater value to our members whilst Group revenues have grown and as a result we were able to pay an interim dividend to our shareholders of £14m for the period.”
And with UK house prices on the rise and homeowner confidence at a 5-year high, according to the latest Zoopla Housing Market Sentiment Survey, an increasing number of consumers are using the Group’s services to research the market with over 1.1 million customised property value estimates (over 4 per minute) obtained on the Zoopla website during the period.

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