Rightmove looks forward with 'confidence' as backs annual outlook

Rightmove PLC on Friday said it had started 2025 with good financial, operational and strategic momentum as it reaffirmed full-year guidance.

The Milton Keynes, England-based online property portal said its full-year 2025 guidance for 8% to 10% revenue growth and an underlying operating profit margin of 70% remains unchanged.

In 2024, Rightmove reported revenue of £389.9 million and an underlying operating profit margin of 70%.

In the four months to April 30, Rightmove said its core business, Estate Agency and New Homes, continues to deliver product-led average revenue per advertiser growth, which supports unchanged core ARPA growth guidance.

The firm said membership has increased since year-end, supporting its unchanged expectation of 1% growth across Estate Agency and New Homes in 2025.

Strategic growth areas of commercial property, mortgages and rental services are on track against their targets for the year, the company added.

Rightmove said its latest multi-channel brand campaign, ‘If they can find it, so can you’, drove impressions ahead of expectations, while social media engagement was almost three times higher year-on-year.

Chief Executive Johan Svanstrom said: ‘We’re pleased to have started 2025 with good financial, operational and strategic momentum. In particular, we’re making strong strides forwards in delivering new tools and products to make the property journey smoother for both consumers and our partners.’

He thinks Rightmove is ‘comparatively well insulated’ from the volatility that some other companies and industries are having to contend with in the current uncertain global climate.

‘We look forward with confidence,’ he added.

Shares in Rightmove were 0.1% higher at 744.60 pence each in London on Friday morning.

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