Rightmove Trading Update Reiterates Revenue Growth and Profit Margin Guidance

The UK market-leading real estate portal Rightmove reiterated its guidance for 2025 in a trading update released to the London Stock Exchange late last week.

Revenue growth is expected to be between eight and ten percent for the year while the company's underlying profit margin is expected to be 70%.

Rightmove's trading update noted that it continues to grow its average revenue per agent (ARPA) by migrating agent customers from cheaper listings packages onto its Optimiser Edge package and delivering new products.

The company also said that the number of agents listing on its portal had increased by one percent since the start of the year and that its mortgage, commercial property and rentals segments, which had all been earmarked as 'Strategic Growth Areas', were all on track to achieve their revenue targets.

In comments accompanying the trading update, Rightmove CEO Johan Svanstrom said:

"We're pleased to have started 2025 with good financial, operational and strategic momentum. In particular, we're making strong strides forwards in delivering new tools and products to make the property journey smoother for both consumers and our partners.

In the current uncertain global climate, our UK-focused, subscription-based and B2B-oriented business model means that we are comparatively well insulated from the volatility that some other companies and industries are having to contend with. We look forward with confidence and are today reiterating our expectation of delivering 8-10% revenue growth this year."

Rightmove remains one of the most successful and profitable marketplace businesses in the world. Over the years, it has proven resilient periodic pressure from its agent customers to lower or moderate pricing.