REG-Rightmove Plc: Trading Statement

RightmoveAnnouncement

Today 07:00

8 May 2026

Rightmove plc

 

AGM Trading Update

 

Strong execution, innovation and value delivery for partners and consumers

Guidance reaffirmed

 

Rightmove plc, the UK's number one property portal, provides the following
update on trading for the period from 1 January 2026.                     
Unless otherwise stated, figures relate to the four-month period ending 30
April 2026.           

 

Current trading and outlook

 

Guidance remains unchanged since our 2025 full-year results, and we are
reaffirming our expectation of 8-10% revenue growth in 2026.           

 
*            Within our Core business (i.e. Estate Agency and New Homes), we
continue to deliver product-led Average Revenue per Advertiser ("ARPA")
growth, which supports our unchanged Core ARPA growth guidance.              
        
*            Core Membership has increased since year-end, supporting our
ongoing expectation of c.1% membership growth across Estate Agency and New
Homes in 2026.                        We expect growth in Agency to offset
New Homes developments, which continue to see subdued build rates.           
*            Our Strategic Growth Areas of Commercial Property, Mortgages and
Rental Services are on track to deliver 20-30% revenue growth for the year.
 

We continue to expect Underlying Operating Profit growth of 3-5%, and
Underlying Earnings per Share growth of at least 5% in 2026.

 

As previously noted, year-on-year growth in the second half of 2026 is
expected to be stronger than the first half, with first-half growth impacted
by fewer New Homes developments and the strong mortgage comparator last year.

 

Delivering further consumer and partner value through innovation

 

Rightmove remains the place to which consumers turn first and return most -
representing over 80% of all consumer time spent on UK property portals per
Comscore, and over 70% per SimilarWeb/Sensor Tower.                      1    
       (#_ftn1)                      Over 85% of traffic continues to be
organic and direct, and less than 0.5% is referral traffic from large language
models (LLMs), flat since the end of 2025.                      2           
(#_ftn2)                               Today we are launching a new national
brand campaign, `Glow', across TV and digital channels, which will reach 90%
of UK target adults across the remainder of this year.

 

We continue to accelerate our technology innovation and AI integration,
delivering new tools and features to make the home-moving journey more
digital, informed and connected for consumers, and adding further value and
features for our partners.                      In the first four months of
the year, we recorded over 2,500 technology releases, over 20% higher than the
same period in 2025, with April 2026 recording the most monthly releases ever
in Rightmove's history.                      As part of this, we continue our
multi-year journey to increase AI usage across the entire business and now
have 43 AI initiatives in flight, an increase from 31 at December 2025.

 

Selected examples of innovation and product delivery across our platform
include:

 
*            Expanding AI-powered conversational search on the platform, with
early adopters demonstrating a higher propensity to send leads.              
         We launched a ChatGPT app in March and keep expanding our Apps
features with Track a Property and AI Keywords.          
*            In Estate Agency, Online Agent Valuation has reached penetration
levels of over 40% of available areas and remains our fastest-ever growing
product.                        Across our multiple valuation products, we
have delivered over 60% more unique valuation leads to partners year-on-year. 
        
*            In New Homes, developers are benefiting from refreshed
Development Profiles, a new Showcase Carousel and Virtual Tour Leads which
have increased leads per development by almost 50%.          
*            For Rental Operators, our new Rental Development Listing is
already live for over 100 rental developments, ahead of expectations.         

*            In Commercial Property, we launched a new suite of products for
partners, called Leader Advantage.          
*            In Mortgages, we successfully launched our new NatWest-powered
Mortgage in Principle, and recently launched an Equity Tracker, further
expanding our suite of valuation and affordability tools for consumers.       
                3             (#_ftn3)                                   
*            In Rental Services, Enhanced Leads now represent over 60% of all
lettings leads sent to partners, giving lettings agents over three times more
datapoints on prospective tenants compared to traditional leads.          
*            In partner education, we launched two new agent qualifications in
partnership with Propertymark. 10,500 agents are now enrolled in Rightmove's
existing qualification, CELA.
 

Current end-market trends

 

The property market and partner and consumer engagement remain resilient
despite the uncertain macroeconomic backdrop. We continue to monitor the
impact from volatile global macro conditions, including interest and mortgage
rate expectations, as well as overall consumer and partner confidence.

 

Our latest leading property market data                      4           
(#_ftn4)           shows:
*            Mortgage rates higher compared to December, with average two- and
five-year fixed rates currently both at 5.1%, compared to 4.3% and 4.4%
respectively on 31 December 2025;          
*            In the Resale market, house price growth remains positive.       
                Available listing volumes are at an eleven-year high, and at
the end of April were 1% ahead of the same point last year;          
*            The Rental market continues to see an imbalance between supply
and demand, with rental prices ahead of last year but with reducing rent
growth and demand. There were, on average, 9 enquiries per available property
in the period, lower than the equivalent period in 2025 but still above the
pre-COVID annual average of 6-7; and          
*            New Homes developments in the market remain at low historical
levels due to continued softer build rates, which we expect to persist
near-term.            
 

Further updates

 

Rightmove's American Depositary Receipt ("ADR") programme was upgraded to a
sponsored Level 1 programme in April, trading on the over the counter (OTC)
Market under the symbol "RTMVY", as part of Rightmove's ongoing engagement
with investors in North America.                      There is no change to
Rightmove's underlying ordinary shares, trading on the London Stock Exchange
under the symbol "RMV".

 

From 27 February to 7 May, Rightmove completed £44m of the announced £90m
share buyback programme to complete by 31 July 2026.           

 

 

Johan Svanstrom, CEO of Rightmove, said:

 

"The Rightmove team has executed strongly to date in 2026, with trading in
line with expectations and guidance reaffirmed.                               
                                While we continue to monitor the macro
backdrop, we are delivering product-led ARPA growth in our Core business,
membership has increased since year-end, and revenue growth within our
Strategic Growth Areas is on track for the year.

 

"Building on our trusted brand and solutions, powerful data and network
effects, we are innovating across our platform faster than ever before. We
continue to embed AI into our efficient and expanding home-moving tool-set for
both partners and consumers, doing it with quality and outcomes in mind.
During the period, we delivered our highest-ever number of monthly product
releases, further strengthening our proposition and value creation through the
platform. Early engagement with our AI-powered conversational search tool is
positive, indicating long-term potential of this new search format next to the
highly trusted and used classic interface. We continue to develop useful
formats under our motto of `However you discover - we have you covered'."

 

 

Forward-looking statements

This announcement includes statements regarding Rightmove's outlook and
expectations for the financial year, including the reaffirmation of previously
issued guidance. These statements are forward                               - 
                             looking in nature and reflect management's
current assumptions and expectations as at the date of this announcement.

Forward                               -                               looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially, including changes in market conditions, customer
demand, competitive dynamics, regulatory developments and other factors
affecting Rightmove's business.

Forward-looking statements speak only as at the date of this announcement.
Except as required by law or regulation, Rightmove undertakes no obligation to
update or revise any forward-looking statements.

 

 

Enquiries:                                                                

Investor Relations                               
Investor.Relations@rightmove.co.uk

Sodali & Co                                           rightmove@sodali.com

 

About Rightmove
*            Rightmove's vision is to give everyone the belief they can make
their move, by being the best place to turn and return to for the tools,
insight and expertise that make it possible, a vision delivered through long  
        -           term investment in technology and innovation          
*            Rightmove is the UK's largest property platform, with the biggest
selection of homes for sale and to rent and adding more listings than anyone
else.          
*            Latest view from Comscore is over 80% of all time spent on
property portals is on Rightmove, and latest view from SimilarWeb is over 70%
of time spent on property portals in the UK is on Rightmove (two datasets used
across the industry to track time spent on portals).          
*            Innovation has shaped Rightmove's evolution, from digitising
property search in its early years, to expanding tools that support
affordability, decision           -           making and confidence across the
entire home           -           moving journey.          
*            In recent years, innovation has significantly accelerated, with
investment shifting beyond property search to the wider home-moving journey
for consumers and partners. This includes mortgage and affordability tools,
digital valuation products such as Online Agent Valuation, and a suite of
property renovation tools.          
*            Rightmove continues to invest in transforming how people search
for property, including evolving the search experience, launching AI          
-           powered conversational property search and experimenting with new
discovery platforms, including launching a Rightmove app within ChatGPT.      
   
*            Rightmove provides a continually evolving suite of tools to help
partners run and grow their businesses, including access to the UK's largest
and most engaged home           -           moving audience, high           - 
         quality enquiries, data           -           led valuation and
insight tools, and effective marketing products          
*            Rightmove supports professional development through the Rightmove
Hub, offering official training and industry certification, including the
Certificate for Estate and Letting Agents, at no additional cost to an agent
membership.          
*            Rightmove partners include estate and letting agents, new homes
developers, rental and build           -           to           -          
rent operators, commercial property specialists, overseas agents, financial
services providers and home services businesses.          
*            For consumers, Rightmove offers a wide range of free,
continuously evolving tools to help people move home, from access to the UK's
largest choice of homes and extensive listing information, to affordability
tools, valuation services and local market insights.          
*            Using the UK's largest housing datasets, Rightmove issues a
number of regular reports to track housing market indicators: our monthly
House Price Index (established 2002), quarterly Rental Trends Tracker
(established 2015), weekly Mortgage Rates Tracker (established 2023) and
quarterly Commercial Insights Tracker (established 2024). Historical data is
available on request.          
*            Founded in 2000, Rightmove listed on the London Stock Exchange in
2006 and is a member of the FTSE 100 index.
 

 

 1             (#_ftnref1)            Time in minutes spent on Rightmove
platforms (site and app): most recent available month of data. Source:
Comscore MMX® Desktop only + Comscore Mobile Metrix® Mobile Web & App, Total
Audience, Custom-defined list of Rightmove sites, zoopla.co.uk,
primelocation.com, onthemarket.com, United Kingdom, March 2026: 87%.          
             SimilarWeb (website), Sensor Tower (app), March 2026: 74%.

 2             (#_ftnref2)            Source: Google Analytics.

 3             (#_ftnref3)                                              
https://www.rightmove.co.uk/press-centre/rightmove-launches-new-equity-tracking-tool/

 4             (#_ftnref4)            House Price Index published on 20 April
for the period 9 March - 5 April; Rental Price Tracker published on 29 April
for the period 1 January - 31 March; mortgage rates available daily at        
                           
https://www.rightmove.co.uk/news/articles/property-news/current-uk-mortgage-rates/
                                 .



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