Digital property giants Zoopla Property Group (ZPG) has today released its full year results today which shows what an impressive year the group has had, with both revenues and profits boosted significantly as well as the amount of hits on its related websites.
ZPG’s revenue has increased to an impressive £197 million up until the point of 30th September which is up an astounding 84% on 2015’s figures, and profits were also soaring as they were up by 44% to £36.7 million, with adjusted EBITDA leaping 58% to £77.1 million.
“We continue to lead innovation in the property market and comparison markets” commented Alex Chesterman, the founder and chief executive officer of Zoopla Property Group. “We are working towards fulfilling our mission of providing the most useful resources for consumers when finding, moving and managing their home and being the most effective partner for related businesses.”
ZPG is part owned by the Daily Mail, General Trust and Countrywide, and consists of websites such as Zoopla, uSwitch and PrimeLocation which have altogether struck up around 600 million visits in the last 12 months, another figure that has risen dramatically during this successful growth period for the business.
The company also used the announcement of its yearly results to reveal some further good news in the shape of acquiring two more businesses to the group, with a £1.5 million deal to secure estate agent website design business Technicweb, and a strategic partnership with connected home insurer Neos both completed.
The Technicweb deal involves an extra clause of £250,000 12 months after completion, whilst the details of the Neos partnership have not been fully revealed yet, however the expectations are that it will be a similair case to that of the Landbay and Trussle deals.
So it has been a fantastic year for ZPG in which it has grown dramatically, and the business will be hoping for even more success in the coming years.