Rightmove PLC (LON:RMV) has dropped guidance for 2020 as the impact of the outbreak on travel bans and customers is unclear.
The property website said it has a “highly cash generative model” and a “very strong” balance sheet, while its digital model allows employees to work from home.
READ: Rightmove ‘sell’ sign removed by UBS
The FTSE 100 firm has also announced a payment deferral plan for smaller agents who have been the platform for at least a year.
The firm said qualifying agents can defer the payment of £275 per branch each month for six months starting from 1 May, to be paid back evenly.
Agencies can also choose to defer £500 per branch for three months.
Shares lost 13% to 437.6p on Wednesday morning.