Brief: Rightmove Expects Agency Growth To Offset Weak New Homes Development Amid Subdued Build Rates
08/05/2026 07:21
May 8 (Reuters) - Rightmove PLC RMV.L: RIGHTMOVE: TRADING STATEMENT RIGHTMOVE: GUIDANCE REAFFIRMED RIGHTMOVE: GUIDANCE REMAINS UNCHANGED SINCE OUR 2025 FULL-YEAR RESULTS RIGHTMOVE: FIRST-HALF GROWTH IMPACTED BY FEWER NEW HOMES DEVELOPMENTS AND STRONG MORTGAGE COMPARATOR LAST YEAR RIGHTMOVE: PROPERTY MARKET PARTNER CONSUMER ENGAGEMENT REMAIN RESILIENT DESPITE UNCERTAIN MACROECONOMIC BACKDROP RIGHTMOVE: CONTINUE TO MONITOR IMPACT FROM VOLATILE GLOBAL MACRO CONDITIONS, INCLUDING INTEREST, MORTGAGE RATE EXPECTATIONS RIGHTMOVE: CORE MEMBERSHIP INCREASES; EXPECTS AROUND 1% MEMBERSHIP GROWTH IN 2026 RIGHTMOVE: EXPECT GROWTH IN AGENCY TO OFFSET NEW HOMES DEVELOPMENTS, WHICH CONTINUE TO SEE SUBDUED BUILD RATES RIGHTMOVE: STRATEGIC GROWTH AREAS OF COMMERCIAL PROPERTY, MORTGAGES RENTAL SERVICES ON TRACK TO DELIVER 20-30% REVENUE GROWTH FOR FY RIGHTMOVE: YEAR-ON-YEAR GROWTH IN SECOND HALF OF 2026 IS EXPECTED TO BE STRONGER THAN FIRST HALF Source text: ID:nPRr80093a Further company coverage: RMV.L ((reuters.briefs@thomsonreuters.com))