Published On: Wed, Dec 2nd, 2015

Zoopla (LON:ZPLA) Sees 34% Revenue Growth


Zoopla’s Mobile Application

Zoopla Property Group Plc (LON: ZPLA) on Wednesday released its full year results for the year ended 30 September 2015 which showed a 34% rise in revenue and a 20% boost in its profits.

The company which also owns brands such as uSwitch and PrimeLocation saw its revenue increase by 34% to £107.6m from 80.2m in the prior year and an increase in profit to 25.4m from 21.1m, up 20% from 2014.

Other key highlights from Zoopla’s results included over 25 million leads generated for the Group’s Property partners, including over 300,000 appraisal leads.

Commenting on today’s announcement Alex Chesterman, Founder & CEO of Zoopla Property Group Plc 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. 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.

“Our Property Services division achieved solid ARPA growth across every vertical – UK Agency, New Homes, Overseas and Commercial – demonstrating the Group’s exceptional value proposition as one of the most cost-effective digital marketing channels for property professionals. Traffic to our property platform remained strong with high levels of user engagement and we recently passed the significant milestone of over seven million downloads of our property apps.

“The Comparison Services division outperformed expectations in the four months since the acquisition of uSwitch, with both the Energy and Communications verticals benefitting from our market-leading position and increasingly competitive consumer deals. We continue to innovate across both divisions of the business in line with our mission of providing the most useful resources for consumers when finding, moving or managing their home and being the most effective marketing channel for related business partners.”

On June 1st 2015 Zoopla acquired uSwitch, a price comparison website and lead generation platform in the home services sector (energy and communications). In the report it was noted that uSwitch had outperformed expectations since the acquisition. The company paid £160m, plus a performance-based earn-out of up to £30m.

In todays statement Zoopla proposed a final dividend of 2.5 pence per share, bringing the total dividend to 3.5 pence per share, a boost of 127%.

Receive News & Ratings Via Email

Enter your email address below to get the latest news and analysts' ratings for your stocks with MarketBeat's FREE daily email newsletter: