Rightmove (LSE:RMV) has reaffirmed its guidance for 2026, forecasting revenue growth of between 8% and 10%, Underlying Operating Profit growth of 3% to 5%, and at least 5% growth in Underlying EPS. The outlook is expected to be supported by product-led increases in average revenue per advertiser within its core estate agency and new homes operations, alongside modest membership expansion.
The company also said its Strategic Growth Areas, which include commercial property, mortgages and rental services, remain on course to deliver revenue growth of 20% to 30% despite weaker new-build activity and a challenging macroeconomic environment.
AI Expansion and Product Releases Drive Engagement Strategy
Rightmove highlighted accelerating technology and AI development across the business, reporting a record pace of product launches and 43 AI initiatives currently underway. The company is continuing to expand AI-powered conversational search capabilities, alongside new valuation and rental tools and enhanced mortgage and partner-education services aimed at increasing user engagement and lead generation.
Management also pointed to resilient activity in the resale housing market, ongoing supply-demand imbalances in the rental sector and historically low levels of new homes development. In addition, Rightmove upgraded its ADR programme in the U.S. and continued executing its £90 million share buyback programme, reinforcing confidence in both its business model and long-term shareholder proposition.
Strong Financial Performance Supports Outlook Despite Technical Weakness
Rightmove’s outlook continues to be supported by strong financial fundamentals, including high operating margins, robust free cash flow generation and low leverage levels. Earnings expectations remain positive, aided by continued capital returns to shareholders.
However, technical indicators remain weaker, with the shares trading below key longer-term moving averages and the MACD remaining negative. Valuation support is also viewed as moderate, with the stock trading on a price-to-earnings ratio of around 15.9 and offering a dividend yield of roughly 2.27%.
More about Rightmove
Rightmove plc operates the UK’s largest online property platform, including the country’s leading residential portal for homes for sale and rent. The business also provides services across new homes, rentals, commercial property and mortgages. Rightmove focuses heavily on technology, data and AI-driven innovation to support the home-moving process while offering marketing, lead-generation and valuation tools for estate agents, developers and other property professionals.
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