In a trading update released Friday, Rightmove (LON: RMV) reaffirmed its full-year guidance, projecting 8–10% revenue growth in 2025, as the property portal continues to invest in new products and platform innovations.
Shares rose in early trading following the update.
The company reported growth in its core Estate Agency and New Homes business, supported by increased average revenue per advertiser (ARPA) and a continued shift to its premium Optimiser Edge package.
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They added that membership has also risen since the end of 2024, backing expectations of 1% annual growth in the core segment.
Rightmove said its strategic growth areas—Commercial Property, Mortgages, and Rental Services—are on track to meet their 2025 targets. The group reiterated its expectation for a 70% underlying operating profit margin.
CEO Johan Svanstrom said, “We’re pleased to have started 2025 with good financial, operational and strategic momentum.”
“We look forward with confidence and are today reiterating our expectation of delivering 8–10% revenue growth this year.”
Svanstrom also acknowledged the current uncertain macroeconomic climate, but said its UK-focused, subscription-based and B2B-oriented business model means it is “comparatively well insulated from the volatility.”
Rightmove also stated that its latest property market data shows a continuation of the trends indicated in its 2024 full-year results.
These include mortgage rates reducing with a favourable outlook for further potential bank rate cuts and house price growth remaining positive in the resale market.
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