- Business
- Rightmove plc operates as the UK's leading online property portal, providing digital advertising platforms for residential and commercial properties, new homes, lettings, rentals, and related services through rightmove.co.uk and its mobile app. The company offers core products and services including resale and lettings property advertising for estate agents; new homes advertising for developers and housing associations; commercial property listings; rental operator services with native search ads; mortgage-related tools such as remortgage propositions, affordability comparisons, and EPC functionality; tenant referencing and rent guarantee insurance via its Van Mildert brand; ancillary data services like Premium Price Guides, Opportunity Manager, Microsites, company reports for agencies, and AI-powered features including local area insights, Renovation Calculator, My Places, and predictive analytics from The Outside View acquisition; as well as non-property advertising, overseas property portals, and professional training programs. Rightmove serves over 20,000 property professionals including estate agents, developers, landlords, surveyors, lenders, and home services providers, primarily in the UK market with some international elements, and generates revenue through subscriptions, average revenue per advertiser exceeding £1,000 monthly, and ancillary products. Founded in 2000 by Countrywide, Connells, Halifax, and Royal & Sun Alliance, and headquartered at 2 Caldecotte Lake Business Park, Milton Keynes, Buckinghamshire, the company listed on the London Stock Exchange in 2006 as a FTSE 100 constituent. Recent developments include the February 2025 acquisition of Homeviews Platform Limited; appointment of Johan Svanstrom as CEO in March 2025; launch of a new ESG strategy with Go Greener initiative in September 2024; accelerated investments in AI, platform cloud migration with Google Cloud collaboration, consumer app transformations, and R&D for growth areas like Commercial Property, Mortgages, and Rental Services, adding over 700 partners and achieving 25% revenue CAGR since 2023; rapid uptake of premium packages Optimiser Edge for agents and Ascend for developers; over 5,000 product releases in 2024 with AI copilots supporting eight new teams; and projections for 8-10% revenue growth in 2025 driven by core business expansions and strategic areas.