Rightmove PLC

RMV

Equity

ISIN GB00BGDT3G23 / Valor 42985140

LSE London Stock Exchange, SETS (2026-04-28)

GBP 4.34-0.64%

Rightmove PLC
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About company

Rightmove PLC operates as the UK's largest online real estate portal and property website, facilitating the advertisement of properties for sale and rent across the United Kingdom. The company serves as a critical platform for estate agents, letting agents, new home developers, and private sellers, offering a wide array of services aimed at making the property search and advertising process more efficient for both parties. Rightmove provides users with comprehensive property listings, including detailed descriptions, photos, and location information, thereby simplifying the process of buying, selling, or renting properties. The company's business model revolves around charging fees to industry professionals for property listings and advertising space, as well as offering additional marketing products and services designed to enhance the visibility and appeal of property advertisements. As a leader in the UK property market, Rightmove leverages its extensive database and user-friendly interface to connect potential buyers and renters with their ideal properties, supporting the broader real estate ecosystem.

Summarized from source with an LLMView SourceSector: Technology

Top-line and profitability

Total revenue £425.1m (+9% vs 2024) and underlying operating profit £297.7m (+9%). Underlying margin remained high (reported ~70% underlying margin / ~72% underlying EBITDA range), reflecting strong operating leverage despite higher investment.

ARPA and membership

Core ARPA rose to £1,621 (+£97) driven by product upgrades and package migration; total membership 19,272 (+1% vs Dec‑24) with agency membership up ~2% to 16,385 and strong retention (>90%).

Segment performance and Strategic Growth Areas

Agency and New Homes both grew 9% (Agency £304.7m; New Homes £75.3m). Strategic Growth Areas showed faster expansion: Mortgages +46% (£6.8m), Rental Services +35% (£7.1m) and Commercial +13% (£15.3m), helping diversify revenue beyond the Core.

Cash, returns and capital allocation

Operating cash conversion 107% and net cash generation £222m. Cash returned to shareholders £220m (including final dividend 6.59p; total DPS 10.64p) and a planned £90m buyback by 31 July 2026 (with further H2 buyback to follow). Company states all surplus cash to be returned to shareholders while prioritising organic investment.

Costs, investment and margins

Underlying operating costs increased to £127.4m (+~10% YoY) driven mainly by payroll (tech and sales) and continued tech investment. Management emphasised disciplined investment with a focus on AI, product development and platform scaling while maintaining strong margins.

Outlook / guidance

FY2026 guidance: revenue growth 7–9% (company medium‑term FY24–25 CAGR target 8–10% p.a.), underlying operating profit growth 4–9% in 2026, membership to grow around 1%, ARPA expected to increase by £110–£120, Strategic Growth Areas growth target 20–30%, and minimum underlying EPS growth ≥5% p.a. over the medium term.

Strategy and product momentum

Rightmove highlighted ongoing product-led ARPA upside (Optimiser, Edge, Ascend, new valuation tools), AI-enhanced solutions, and platform initiatives to deepen consumer engagement and partner value — positioning the group to capture further upsell and SGA expansion.

Summarized from source with an LLMView Source

Key figures

-39.5%1Y

-24.4%3Y

-29.2%5Y

Performance

25.9%1Y

30.7%3Y

30.2%5Y

Volatility