Rightmove, the British equivalent of Zillow, is wildly profitable

The UK’s largest online property portal, Rightmove, has now turned down three acquisition offers from the Murdoch-owned REA Group and, as of this morning, has just received a fourth. The latest bid values the company at £6.2 billion ($8.7 billion) — roughly an 11% bump on the initial offer first received on September 11th, per Bloomberg. 

While Rightmove might not be a household name for Americans, most would be familiar with what it offers: a platform for realtors to list properties, where would-be buyers can browse to their heart’s content, like Zillow or its rivals such as Realtor.com or Redfin. But, despite similar products, Zillow and Rightmove’s financials are wildly different.

Although Zillow's cumulative revenue of $15 billion over the past decade-and-a-half greatly exceeds Rightmove's £3.2 billion ($4.3 billion), the British company has something else to show for its efforts: billions in profit.

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