UK's Rightmove reaffirms 2026 guidance as AI rollout boosts membership (updated)
08/05/2026 07:38
Adds background and details on membership from paragraph 2 May 8 (Reuters) - Britain's biggest property listing portal Rightmove RMV.L reaffirmed its 2026 revenue and operating profit guidance on Friday as its core membership increased with the continued rollout of artificial intelligence-powered tools. The company has been accelerating investments in digital tools, including in its AI-powered Online Agent Valuation, to lift engagement and boost returns in the long term, albeit at the cost of tighter margins and weaker profits this year. Core membership growth remains in line with Rightmove's expectation for about 1% rise across estate agency and new homes this year, it said, with strength in estate agency offsetting weakness in its new homes development segment, which faces subdued build rates amid a slowing housing market. (Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala and Subhranshu Sahu) ((RaechelThankam.Job@thomsonreuters.com;))