OnTheMarket PLC (AIM:OTMP) chief executive Jason Tebb says he is “delighted” to be reported what management describe as a really good set of result showing a strong financial performance as well as strategic and operational progress.
Chief financial officer Clive Beattie, meanwhile, highlighted that ARPA (average revenue per advertiser) is up 32% which he says is powering growth in revenue and profits, but, importantly still reflects very good value for money for the value that the platform provides for its clients.
“We can offer very competitive and strong price point whilst actually also getting strong growth,” Beattie added.
OnTheMarket operates an online property marketplace, sometimes referred to as a portal, allowing estate agents, housebuilders and lettings agents advertisers reach house-hunting that visit the website, who can then engage directly with those advertisers.