Rightmove Reiterates FY25 Guidance Amid Ongoing Innovation
Why we think this is good
Rightmove's trading update indicates the company is delivering solid revenue growth of 8-10% in 2025, supported by continued product innovation and membership growth. While the update mentions some potential headwinds and challenges, the overall tone is positive, with the company reiterating its full-year guidance. The valuation appears high, but the company's strong market position and subscription-based model suggest it is relatively well-insulated from volatility.
Key Points
- Reiterating 8-10% revenue growth guidance for FY25
- Membership expected to grow 1% across Estate Agency and New Homes
- Continued product innovation and delivery of new features
- Strategic Growth Areas, including Commercial Property, Mortgages and Rental Services, on track
Summary
Rightmove plc, the UK's leading property portal, has provided a trading update for the period from 1 January 2025. The company is reiterating its expectation of 8-10% revenue growth in 2025, supported by continued product-led ARPA growth and a 1% increase in membership across its Estate Agency and New Homes segments. Rightmove's Strategic Growth Areas, including Commercial Property, Mortgages and Rental Services, are also on track against their targets for the year. The company continues to invest in innovation, delivering new tools and features to enhance the property journey for both consumers and partners.