London · Delayed Price · Currency is GBP · Price in GBX Rightmove Earnings Call Transcripts
Fiscal Year 2025
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Delivered 9% revenue and profit growth, record engagement, and strong innovation in 2025. Strategic growth areas outpaced core, with robust cash returns and new AI-driven products. 2026 guidance targets 8–10% revenue growth and continued investment in technology.
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The update outlines a strategy centered on AI-driven innovation, operational modernization, and disciplined investment to sustain robust revenue and profit growth. Strategic Growth Areas are progressing, though targets are extended to prioritize long-term network effects. AI is now foundational, with significant investment planned to accelerate product development and operational efficiency.
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Revenue grew 10% year-over-year in H1 2025, with strong ARPA and membership gains across core and strategic segments. Underlying operating profit rose 9%, and GBP 112 million was returned to shareholders. Guidance for 2025 is reaffirmed, with continued investment in technology and product innovation.
Fiscal Year 2024
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Revenue grew 7% in 2024, with strong ARPA and SGA growth, 70% operating margin, and all surplus cash returned to shareholders. Guidance for 2025 is raised to 8–10% revenue growth, with continued investment in tech and product innovation.
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Revenue grew 7% year-on-year, with strong performance in lettings and strategic growth areas. Operating margin remains robust at 72%, with full-year guidance unchanged and a focus on innovation, AI adoption, and expanding digital products.