**Rightmove plc Trading Statement Summary (November 7, 2025)**
**Overview**
Rightmove plc, the UK’s leading property portal, released a trading statement reaffirming its strong performance, strategic focus on technology and AI, and commitment to sustainable growth. The update highlights continued consumer and partner engagement, accelerated investment in innovation, and robust financial guidance for 2025 and beyond.
**Key Highlights**
1. **Strong Business Performance**
Maintained >80% consumer engagement (Comscore) and >70% market share (SimilarWeb/data.ai).
Fastest uptake of new packages (Optimiser Edge for estate agents, Ascend for new homes developers).
Strategic Growth Areas (Commercial Property, Mortgages, Rental Services) grew revenue by c.25% CAGR since 2023, contributing 7% of H1 2025 revenues.
2. **Technology and AI Focus**
Accelerated investment in AI to enhance consumer tools, partner value, and operational efficiency.
60% of the platform is cloud-migrated, with 90% of traffic to be cloud-routed by year-end.
Multi-year collaboration with Google Cloud to leverage Vertex AI, Gemini, and large language models.
3. **Innovation Initiatives**
Launched AI-powered tools like Online Agent Valuation, Style with AI, and AI Keywords for enhanced search.
Introduced Renters Checklist and Rental Services integrations to streamline lettings processes.
Re-platformed Microsite and Profiles for Estate Agency partners, improving personalisation and efficiency.
4. **Financial Guidance**
2025Revenue growth of ~9% (within 8-10% range), 70% underlying operating margin.
2026Revenue growth of 8-10%, underlying operating profit growth of 3-5% (reflecting increased investment).
Long-term ambition (2030)≥10% revenue growth, ≥12% underlying operating profit growth, ≥15% EPS growth.
5. **Strategic Growth and Investment**
Incremental investment of £12m in 2026 (P&L) and £6m capitalised to accelerate growth.
Focus on consumer innovation, AI-powered operations, and R&D for new growth opportunities.
6. **Market Trends**
Resale marketSales agreed up 4% YoY, listings at 10-year highs, prices flat nationally.
Rental marketSupply-demand imbalance persists, rental prices up YoY but growth slowing.
New developments remain below pre-COVID levels, with ongoing planning challenges.
**CEO Commentary**
Johan Svanstrom emphasised AI’s central role in Rightmove’s future, stating, “AI is now absolutely central to how we run our business and plan for the future,” with investments aimed at creating a stronger platform and higher-growth business.
**Conclusion**
Rightmove continues to dominate the UK property portal market, leveraging AI and innovation to drive growth, enhance partner and consumer value, and maintain financial resilience. The company remains committed to its long-term strategy, with a focus on sustainable growth and market leadership.