Rightmove PLC

RMV

Equity

ISIN GB00BGDT3G23 / Valor 42985140

LSE London Stock Exchange, SETS (2026-01-20)

GBP 4.96-1.67%

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

Revenue and top‑line

H1 2025 revenue £211.7m, +10% vs H1 2024 (£192.1m). Agency £150.8m (+9%), New Homes £37.5m (+11%), Other £23.4m (+18%). Product-led ARPA growth drove the increase (total ARPA £1,609, +£112).

Profitability and margins

Operating profit £145.4m (+10%); underlying operating profit £151.3m (+9%). Underlying operating margin 71% (H1 2025) with management keeping FY25 underlying margin guidance at c.70%.

Earnings per share and dividend

Basic EPS 14.1p (+14%); underlying basic EPS 14.7p (+11%). Interim dividend raised 9% to 4.05p per share; Board remains on a progressive dividend policy linked to underlying earnings.

Cash return and balance sheet

Debt‑free; cash and money‑market deposits £42.4m at 30 June 2025. £112.4m returned to shareholders in H1 (dividends + buybacks); 9.1m shares (1.2% of capital) bought and cancelled at a cost of ~£65m in H1.

Platform engagement

Consumer engagement remained strong: 9.1 billion minutes on platform in H1 (+10%), with >80% share of time (Comscore) and >85% direct/organic traffic; social engagement and marketing subscribers also grew notably.

Membership, retention and ARPA

Total membership 19,323 at 30 June 2025, +1% vs Dec 2024; agency branches 16,382 (+2%). Agency retention 96% — highest H1 retention in over 10 years. Agency ARPA £1,520 (+£103); New Homes ARPA £2,093 (+£153).

Strategic Growth Areas

Commercial Property, Mortgages and Rental Services combined revenue £15.3m (+37% YoY), contributing ~21% of Group revenue growth. Mortgages revenue >doubled to £4.5m and introduced ~£20bn of potential lending; Rentals revenue +34% and Commercial membership +17% since Dec 2024.

Costs and investments

Underlying operating costs up 13% to £60.4m, reflecting growth-focused investment (headcount, marketing, tech). Share‑based payments and NI charges increased; no transaction‑related charges in H1 2025.

Outlook

Rightmove reiterates FY25 guidance: revenue growth of 8–10%, ARPA growth c.£95–£105, c.1% membership growth and an underlying operating margin of ~70%. Management expects H2 y/y revenue growth % to be lower than H1 after a strong prior-year H2.

Summarized from source with an LLMView Source

Key figures

-25.4%1Y

-13.4%3Y

-19.3%5Y

Performance

26.2%1Y

30.2%3Y

30.2%5Y

Volatility