Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
Rightmove Reports 7% Revenue Growth and Expands AI Tools
Rightmove has reported a 7% year-on-year revenue increase to £225.8 million for the first half of 2026, up from £211.7 million in the same period last year. The company’s operating profit reached £148.2 million, a 2% increase compared to H1 2025, with underlying operating profit rising 3% to £155.1 million.
The property portal has expanded its use of artificial intelligence, deploying 46 strategic AI initiatives, up from 31 in December 2025. Rightmove’s ‘Ask Rightmove’ conversational search tool has been implemented across property listings, which the company states has resulted in higher engagement and lead conversion rates. The AI-enabled online agent valuation tool has contributed to an approximate 50% total increase in unique valuation leads to estate agents.
For new homes developers, four new or enhanced products have supported a threefold increase in direct appointments booked. The company also reported its highest H1 retention rate in more than a decade, with agency membership growing by 1% during the period. Technology product releases increased by 40% year-on-year in the first half.
Despite these gains, Rightmove’s share price has declined 42% so far this year. The company is facing ongoing legal action over its estate agent fees, led by former Competition and Markets Authority panel member Jeremy Newman, which seeks to recoup fees potentially reaching £1.5 billion on behalf of participating estate agents.
Rightmove’s year-end 2025 results showed revenue rose 9% to £425.1 million, driven by agents and developers upgrading packages and increasing product usage. The company noted that UK property transactions now take 216 days to complete, creating challenges for the broader market. Profit guidance remains unchanged despite a reduction in revenue guidance, with the company reporting 40% more technology product releases in H1 compared to the previous year.
Source: PropertyWire