Rightmove PLC

RMV

Equity

ISIN GB00BGDT3G23 / Valor 42985140

LSE London Stock Exchange, SETS (2026-02-19)

GBP 4.31+0.09%

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

Financial summary

Revenue £211.7m (+10% vs H1 2024); operating profit £145.4m (+10%); underlying operating profit £151.3m (+9%) with an underlying operating margin of 71%. Basic EPS 14.1p (+14%); underlying basic EPS 14.7p (+11%). Interim dividend raised 9% to 4.05p.

Revenue mix & ARPA

Agency revenue £150.8m, New Homes £37.5m, Other £23.4m. Total ARPA rose £112 to £1,609 (Agency ARPA £1,520, +£103; New Homes ARPA £2,093, +£153). Strategic Growth Areas (Commercial, Mortgages, Rental Services) contributed £15.3m, +37% YoY.

Operational and product momentum

Platform engagement strong: 9.1 billion minutes on site (+10%), >85% direct/organic traffic, highest H1 estate agent retention in over 10 years (96%). Product delivery accelerated (3,000+ releases) with growing AI adoption and new partner products (Optimiser Edge, Ascend, Lead to Keys, Mortgages innovations).

Strategic Growth Areas

Mortgages revenue more than doubled to £4.5m and introduced c.£20bn potential lending; Rental Services revenue +34% with ~270 new partners; Commercial partners +17% since Dec 2024 and leads up 37% to partners. These areas accounted for ~21% of group revenue growth.

Cash, capital returns and balance sheet

Debt-free; cash and money-market deposits £42.4m at 30 June 2025. Cash generated from operations £155.7m. Returned £112.4m to shareholders in H1 via dividends and buybacks; purchased and cancelled 9.1m shares for £65.0m. Net assets £81.7m.

Membership & market trends

Total membership 19,323 (+1% vs Dec 2024); agency branches 16,382 (+2% vs Dec 2024). Market signals supportive: sales agreed +6% YoY in H1 and completions +22%; mortgage rates falling, supporting activity.

Outlook

FY25 guidance reiterated: revenue growth expected 8–10%; ARPA growth targeted £95–£105; c.1% membership growth and an expected underlying operating margin of c.70% for the year. Management remains confident in long-term opportunity for digitalisation of the property ecosystem.

Summarized from source with an LLMView Source

Key figures

-34.3%1Y

-25.4%3Y

-32.6%5Y

Performance

25.4%1Y

30.1%3Y

30.1%5Y

Volatility