(via NewsDirect)
The technology-enabled property business reported record revenues, EBITDA, and adjusted operating profit for the year. Tebb highlighted the four-pillar growth strategy, focusing on developing the customer-facing online portal, software solutions, data and market intelligence tools, and consumer communications. Interim CFO
The company has achieved revenue diversification by selling more products and services to agents, with around 30% of the agency base purchasing additional products. OnTheMarket also maintains a healthy cash position and no borrowings. Tebb emphasises the importance of ARPA for revenue growth and outlined the strategy of expanding the product mix to cater to various aspects of the property ecosystem. Despite challenges in the housing market, Tebb remains positive that OnTheMarket can leverage its "increasingly differentiated proposition" and offer exceptional value to its customers.
He concludes by saying that OnTheMarket aims to provide cost-effective packages and commercial partnerships to support agents in challenging times and maintain its position as a differentiated player in the market.
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