Finance
UK's Rightmove beats sales estimates, warns of slower growth in second half
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Rightmove exceeded sales expectations in H1 but anticipates slower growth in H2 due to economic challenges. The company maintains its full-year revenue outlook.
(Reuters) -Rightmove, Britain's biggest property portal, surpassed first-half sales estimates on Friday, boosted by higher platform enquiries, but warned that its 10% growth is likely to slow in the second half following record performance last year.
Easing mortgage rates and competitive pricing have revived buyer interest in the UK property sector and boosted queries, but inflationary pressures and broader economic uncertainty are weighing on consumer confidence and affordability.
The company still maintained its full-year revenue outlook, expecting growth of 8% to 10%.
"New Homes developers remain optimistic, although developments in the market remain at relatively low levels," the company said in its first-half update.
Revenue for the six-month period ended June 30 stood at 211.7 million pounds ($285.80 million), while underlying operating profit rose 9% to 151.3 million pounds.
That compares with analysts' expectations of 209 million pounds and 147.6 million pounds, respectively, according to a company-provided consensus.
Peel Hunt analysts said in a note that they "expect solid performance to continue into (the second half)."
($1 = 0.7407 pounds)
(Reporting by Raechel Thankam Job and Pushkala Aripaka in Bengaluru; Editing by Sherry Jacob-Phillips)
Rightmove reported revenue of 211.7 million pounds ($285.80 million) for the six-month period ended June 30.
The company maintained its full-year revenue outlook, expecting growth of 8% to 10%.
Easing mortgage rates and competitive pricing have revived buyer interest, although inflationary pressures and broader economic uncertainty remain concerns.
Rightmove's underlying operating profit rose by 9% to 151.3 million pounds compared to the previous year.
Peel Hunt analysts expect solid performance to continue into the second half of the year.
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