**Rightmove plc Trading Statement Summary (November 7, 2025)**
**Overview**
Rightmove plc, the UKโs 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)โฅ10% revenue growth, โฅ12% underlying operating profit growth, โฅ15% EPS growth.
5. **Strategic Growth and Investment**
Incremental investment of ยฃ12m in 2026 (P&L) and ยฃ6m 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 AIโs central role in Rightmoveโs future, stating, โAI is now absolutely central to how we run our business and plan for the future,โ 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.
Below is an HTML table comparing the financial and debt-related information year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table focuses on the available guidance and growth metrics mentioned for 2024, 2025, and 2026.
### Notes:
1. **2024 Data**: The text does not provide specific financial figures for 2024, so it is marked as "N/A".
2. **2025 Data**: Revenue growth, underlying operating margin, membership growth, ARPA growth, and Strategic Growth Areas revenue contribution are provided based on the guidance for 2025.
3. **2026 Data**: Revenue growth, underlying operating profit growth, incremental P&L investment, and capitalised investment are provided based on the guidance for 2026.
4. **Strategic Growth Areas**: The revenue contribution for 2023 is included for comparison, as it is the only prior year figure mentioned. This table provides a structured comparison of the available financial and investment-related metrics across the years mentioned.