Rightmove (LSE:RMV), the UK's number one property portal, said in an AGM trading update that it is reaffirming its expectation of 8-10% revenue growth for the full year 2026.
The update, covering trading from 1 January to 30 April, says product-led average revenue per advertiser (ARPA) growth and higher Core membership underpin the guidance, with membership expected to rise c.1% and Strategic Growth Areas (Commercial, Mortgages and Rental Services) on track to deliver 20-30% revenue growth.
Rightmove also reaffirmed expectations for underlying operating profit growth of 3-5% and underlying earnings per share growth of at least 5% for 2026.
Management warned first-half growth will be weaker than the second half due to fewer New Homes developments and a strong mortgage comparator from last year, and said New Homes build rates are expected to remain subdued near-term.
Operationally the group reported more than 2,500 technology releases in the first four months (over 20% higher year‑on‑year), April was the busiest month on record, AI initiatives rose to 43 from 31 at December 2025, organic and direct traffic exceeds 85% and referrals from large language models remain under 0.5%.
Rightmove's latest market indicators show two‑ and five‑year fixed mortgage rates at 5.1% (versus 4.3% and 4.4% at 31 December 2025), resale listings at an eleven‑year high and 1% ahead of last year at end‑April, and rental demand averaging nine enquiries per available property.
The company said it has completed £44m of a previously announced £90m share buyback between 27 February and 7 May.
"We are delivering product‑led ARPA growth in our Core business, membership has increased since year‑end, and revenue growth within our Strategic Growth Areas is on track for the year," said Johan Svanstrom, Chief Executive.
