Editor's note: This brief was summarised by The Property AI Newsroom from a report by The Negotiator. Read the original article for full details.

Rightmove Reports 7% Revenue Growth and Advances in AI Technology

Rightmove has reported a 7% year-on-year increase in revenue for the first half of 2026, reaching £225.8 million. The property portal also highlighted major progress in its use of artificial intelligence (AI), with new technology supporting higher engagement and more valuation leads for estate agents.

Rightmove’s half-year results show revenue up by £14.1 million compared to the same period last year (H1 2025: £211.7 million). The company’s operating profit rose by 2% to £148.2 million, while underlying operating profit increased by 3% to £155.1 million.

The portal reported that its investment in technology and AI has led to strong innovation, including the launch of the “Ask Rightmove” conversational experience across search and property listings. According to Rightmove, this has resulted in more informed consumers, higher engagement, and increased lead conversion.

For letting agents and inventory clerks, the most notable development is the AI-enabled online agent valuation tool, which Rightmove says supported around a 50% total increase in unique valuation leads to estate agents. The company also introduced four new or enhanced products for new homes developers, supporting a threefold increase in direct appointments booked.

Rightmove stated that it released 40% more technology products or enhancements in the first half of the year compared to the previous year, and currently has 46 strategic AI initiatives underway (up from 31 in December 2025).

In February, Rightmove reported that its year-end 2025 revenue rose by 9% to £425.1 million, with growth driven by agents and developers upgrading packages, adding features, and increasing product usage.

Despite these results, Rightmove’s share price has fallen 42% so far this year. The Negotiator notes that a legal action over estate agent fees, led by former Competition and Markets Authority (CMA) panel member Jeremy Newman, may be contributing to this decline. The case aims to recoup fees on behalf of participating estate agents, with a potential value of up to £1.5 billion.