Rightmove PLC

RMV

Equity

ISIN GB00BGDT3G23 / Valor 42985140

LSE London Stock Exchange, SETS (2026-05-29)

GBP 4.20+1.33%

Rightmove PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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

Guidance reaffirmed

Rightmove reiterates guidance for 2026: revenue growth of 8–10%; Core ARPA growth unchanged; c.1% membership growth across Estate Agency and New Homes; Strategic Growth Areas (Commercial, Mortgages, Rental Services) expected to grow 20–30%; Underlying operating profit growth of 3–5% and Underlying EPS growth of at least 5%.

Trading and revenue drivers

Core business is delivering product‑led Average Revenue per Advertiser (ARPA) growth and membership has increased since year‑end. Management expects Agency growth to offset subdued New Homes volumes.

Product, technology and AI progress

Strong innovation delivery: ~2,500 technology releases in the first four months (April recorded the most monthly releases ever), 43 AI initiatives in flight (up from 31), ChatGPT app launched, expanded AI conversational search, Online Agent Valuation >40% penetration and valuation leads up >60% YoY. New product features across New Homes, Rentals, Commercial and Mortgages were highlighted.

Market context

Rightmove notes higher mortgage rates (two‑ and five‑year fixed averages ~5.1% vs ~4.3–4.4% on 31 Dec 2025), positive house price growth, listing volumes at an eleven‑year high, rental market supply/demand imbalance with c.9 enquiries per available property, and persistently low New Homes build rates.

Capital allocation and investor engagement

Share buyback: £44m of a announced £90m programme completed (27 Feb–7 May), to finish by 31 July 2026. ADR programme moved to sponsored Level 1 OTC under symbol RTMVY while ordinary shares continue to trade as RMV on LSE.

What’s not provided

The update does not disclose specific revenue, profit or EPS amounts for the four‑month period—guidance and percentage growth expectations are provided rather than detailed reported figures for the period to 30 April 2026.

Summarized from source with an LLMView Source

Key figures

-43.8%1Y

-20.7%3Y

-30.4%5Y

Performance

25.9%1Y

30.7%3Y

30.2%5Y

Volatility