UK market leader Rightmove has agreed new terms with lettings specialist OpenRent, days after saying the agreement between the two companies would end in September.
In a brief statement to the market, Rightmove said:
Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our guidance for the year remains as stated at our H1 2024 results.
Rightmove had suggested that memberships would drop as a result of the now-reversed OpenRent termination, but this figure now appears to be obsolete.
The two parties have now decided it would be mutually beneficial to agree to new terms after a month-long standoff that saw OpenRent remove Rightmove from its website as an advertising partner.
This week's product roundup is fun. We'll start in the United States before a stop off in the UK and...
Read More
Rightmove has narrowed its 2026 revenue growth guidance to 6% to 7% in a trading update covering the four months...
Read More
Zillow Group grew third-quarter revenue 7% to $724m because rentals and mortgages grew fast enough to cover a 4% fall...
Read More
Realtor.com, one of the United States' largest real estate platforms and part of Move Inc., recorded its eighth consecutive quarter...
Read More
