Rightmove Faces Revenue Headwinds Amid Declining Share Price

2 months ago

Steven Carroll

"Let's start in the UK then with Right Move, the property website, uh, reporting earnings and shares certainly not making the right move this morning. >> Indeed, absolutely plunging this morning. They were the biggest fooler on the Footsie 100. It's a dramatic look at their share price move. They've been on an absolute tear for years, gaining huge market share. But today, it kind of falls off a cliff, back to levels last seen in about August last year. They flagged uncertainty around the budget and are warning that revenue growth will likely be flat in 2026."

The discussion highlights Rightmove's sharp decline in share price amidst earnings concerns, noting a dramatic reversal from previous strong performance. The commentary points to budget uncertainty and flat revenue growth forecasts as potential short-term challenges, despite ongoing investments in AI.