
Rightmove runs rightmove.co.uk, the UK's number one property portal, connecting home hunters with estate agents, developers and landlords.
Rightmove's advantage is a two-sided network effect that combines the UK's largest home-moving audience with the country's largest available property inventory, which independent analysis it publishes puts at more than 80% of all time spent on UK property portals. Because over 85% of its traffic arrives directly or organically, the business is far less dependent than smaller portals on paid search to sustain consumer reach.
That audience converts into pricing power with agent customers, as 19,272 members and average revenue per advertiser of £1,621 sustained agency retention above 90% while group underlying operating margin reached 70%. Proprietary data collected from every listing since 2000, applied through an automated valuation model used on over 400,000 properties a month, plus bundled tools such as Rightmove Plus, Optimiser Edge and Lead to Keys, deepen member switching costs.
Source: rightmove.co.uk
Rightmove sells its agent, developer and commercial memberships through account-managed sales rather than open self-service, with prospective members requesting contact and then being handled by specialist teams for estate and lettings, new homes, rental operators, commercial and overseas advertising. Field and telephone account managers, telesales and new business staff support those relationships, and charges sit in a membership Price Schedule invoiced monthly in advance, scaling with branch locations and property volume, with a £400 reconnection fee per location after non-payment.
Paid and earned reach reinforce that model. Rightmove Group Limited appears as a verified advertiser for rightmove.co.uk in Google's Ads Transparency Centre with roughly 600 ads running, while independent measurement the company cites puts over 80% of UK property-portal time on Rightmove (Comscore) and ranks its app first for UK downloads (SensorTower), with 16.8 billion consumer minutes recorded in 2025.
Source: rightmove.co.uk
Rightmove's main strengths are category leadership and the economics behind it: more than 80% of UK property-portal time, the largest available listings base, 19,272 members, average revenue per advertiser of £1,621 and agency retention above 90%. That position supports a 70% underlying operating margin and funds a fast product cycle of over 6,000 updates and 31 live AI initiatives during 2025.
Its weaknesses are concentration and cost exposure: revenue depends on UK agency memberships tied to housing activity and agent formation, and 2026 revenue guidance of 8-10% was reduced as new-build demand stayed subdued. The company also flagged exceptional costs of £4 million to £7 million in 2026 for the Newman claim, alongside rising investment that is expected to slow underlying operating profit growth to 3-5%.
Opportunities lie in newer revenue lines and distribution beyond its own site: commercial property, mortgages and rental services grew 25% to £29.1 million in 2025, with mortgage revenue up 46% to £6.8 million and rental services up 35% to £7.1 million. Rightmove has also launched conversational search built with Google Cloud and moved to place its listings inside the ChatGPT ecosystem.
Threats come from better-funded portal rivals and from changing discovery habits: CoStar bought OnTheMarket in December 2023 and has committed almost £50 million, lifting its visits 55% and stock 47%, while Zoopla remains the second-largest portal. Wider threats include home hunters shifting towards AI assistants and search intermediaries, and a market whose 1.2 million 2025 sales transactions stay sensitive to mortgage rates.
Source: propertysoup.co.uk