OnTheMarket advertiser count grows following year of 'considerable progress'

Property search portal operator OnTheMarket said on Tuesday that the year ended 31 January had been one of "strong performance and considerable progress", with momentum from said period also spilling over into the new trading year.

OnTheMarket stated it had registered its first year of profitability since its admission to AIM, notwithstanding the onset and impact of the Covid-19 pandemic.

The AIM-listed firm also said its "strong performance" had continued in the current year, with further operational progress being made and the firm now trading in line with internal expectations.

As of 30 June, total advertisers had grown to 13,289, an increase of 4.5% from 31 January, principally due to an increase in agency branches listing - up 4.9% to 11,169.

Visits to its portal in June were the second-highest ever seen at 28.0m.

As of 1125 BST, OnTheMarket shares were up 1.10% at 90.99p.