Rightmove and OpenRent end partnership over fee disputes, affecting Rightmove's share price.

Rightmove and OpenRent part ways due to unresolved membership conditions; Rightmove continues to reaffirm its FY24 full-year revenue guidance of 7%-9% growth and 70% underlying operating margins. OpenRent, a UK lettings agent, moves its listings and marketing materials away from Rightmove after fee disputes, affecting Rightmove's share price. Rightmove faces increased competition following CoStar's acquisition of OnTheMarket.

August 06, 2024
3 Articles