Rightmove Reports Robust First Half Performance with Accelerated Growth in Key Markets – TNT

Rightmove has reported a 10% rise in revenue to £211.7m for the six months to 30 June 2025, as the business delivered growth across its core and strategic markets and invested further in technology and AI.

Operating profit was up 10% at £145.4m, while underlying operating profit increased 9% to £151.3m. The company has returned £112.4m to shareholders through share buybacks and dividends, with an interim dividend up 9% to 4.05p per share. Basic earnings per share rose 14% year-on-year to 14.1p.

Rightmove said platform and network effects remained strong, with the highest first-half estate agency retention in over a decade at 96%. Membership increased by 1% to 19,323 branches and developments, driven by agency branch growth and new agent formation at levels not seen since 2020.

Strategic growth areas in commercial property, mortgages and rental services delivered a combined 37% year-on-year increase in revenue. Commercial property attracted over 100 new partners, rental services saw 270 more sign-ups to its digital solution, and mortgage revenue more than doubled to £4.5m, introducing £20bn of potential lending to partners.

The business has accelerated technology offerings, with over 3,000 product releases in the period and increased adoption of AI. Average revenue per advertiser (ARPA) grew by £112, with particular strength in the New Homes segment.

Consumer engagement remained high, with users spending a total of 9.1 billion minutes on the platform – up 10% on the same period last year and the second-highest on record. Over 85% of traffic was direct or organic. Rightmove also reported a threefold increase in engagement across social media channels year-on-year.

The company reiterated its full-year 2025 guidance, expecting revenue growth of 8-10% and an underlying operating margin of around 70%. The business expects ongoing membership and ARPA growth, with further progress across its core and strategic growth areas.

Rightmove said it expects revenue to continue growing in the second half of the year, but the year-on-year growth rate is expected to be lower than in the first half, reflecting the exceptionally strong performance in H2 2024.

Chief executive Johan Svanstrom said: “These results highlight the strength of our platform and how we serve our long-term partners with products tailored to their circumstances and needs. 

“Against a backdrop of a positive market for agents, we have seen an increase in agent formation and estate agents using our top package, Optimiser Edge, which helps maximise their performance. 

“Developers of new builds are turning to marketing products including our new Ascend package to help compete for buyers when the ratio of new builds to resale stock is at a post-COVID low.

“Our investment in technology and people is yielding results and with continued innovation, we remain committed to improving consumers’ overall moving journeys, and enabling our partners to grow, compete, and succeed. We see a long runway of opportunity for digitalisaton of the property ecosystem, and confirm our financial outlook for the year.”

The board said it remained confident in Rightmove’s long-term potential as it continues to invest in innovation and value delivery for both consumers and partners.